Warren Buffett is as the “Oracle of Omaha,” and he is one of the most successful investors of all time. Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. Mr. Buffett is the son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13. He pledges to give away most of his fortune. Last year (2019) he donated $3.6 billion, much of it to the foundation of friends Bill and Melinda Gates.
Warren Buffett explained during Berkshire Hathaway’s annual shareholder meeting in 2006 that financially-sound companies can benefit from short sellers because those traders are forced to buy the stock in the future. His remarks on the subject can be found in the CNBC Warren Buffett archive. “We have no objection to anybody selling Berkshire short at all,” he said. “The more shorts, the better, because they have to buy the stock later on.”
Experts — including Warren Buffett — say short selling can be beneficial for markets
