Warren Buffett reportedly traded stocks in his personal account that his conglomerate Berkshire Hathaway was buying and selling, a practice that he himself in the past deemed a conflict of interest, according to ProPublica on Thursday.
The nonprofit news outlet, citing a leak of confidential IRS data, alleged the "Oracle of Omaha" traded shares in his private account in the same quarter or the quarter before Berkshire bought or sold the same stocks, including shares of Wells Fargo , Johnson & Johnson and Walmart .
The 93-year-old investor has been open about the fact that he has a personal account, separate from his company's $300 billion equity portfolio.
Buffett has said publicly that he tries to steer clear of the investments Berkshire is involved in when it comes to his personal account.
"I try to stay away from anything that could conflict with Berkshire," Buffett said during the company's annual meeting in 2016.
Persons:
Warren Buffett, Berkshire Hathaway, ProPublica, Buffett
Organizations:
Berkshire, Johnson, Walmart, Securities and Exchange Commission
Locations:
Berkshire, Omaha, Wells Fargo