Trump filed paperwork showing 1,000 financial transactions in June. One thousand. That's thirty-three trades per day. That's more than one trade per hour if he worked every waking minute of a thirty-day month without sleeping.
He sold Meta. Bought Berkshire Hathaway. The man who built a social media empire by posting unhinged rants at 3 AM decided Facebook stock wasn't worth holding. Warren Buffett's company, famous for doing absolutely nothing exciting, made the cut.
This is what portfolio managers call rebalancing. This is what day traders call a lifestyle. This is what the IRS calls a f*cking nightmare.
Imagine the phone calls. "Mr. President, you bought seventeen shares of—" "Sell it." "But sir, that was four minutes ago." "Did I stutter?"
The disclosure lists just over 1,000 transactions. Just over. Like saying the Titanic had just over one iceberg problem. Someone counted these trades, logged the ticker symbols, verified the dates, and filed the forms while contemplating a career change.
Retail traders saw this news and felt validated. Finally, a president who trades like them. Constant action. No plan. Maximum paperwork. They missed one detail: Trump's portfolio can survive 1,000 transactions in a month. Theirs cannot survive ten.
Berkshire Hathaway closed Friday at $724,000 per Class A share. If Trump bought even one share using the proceeds from selling Meta, he executed the single most boring trade possible with someone else's money while holding the nuclear codes.
The technical setup remains unchanged. None of this matters. Price goes up or down regardless of how many times a sitting president clicked the trade button in June. But somewhere right now, a guy with $3,000 in Robinhood just made his thirty-fourth trade today because the president did it first.
Photo by on Unsplash
Leave a Comment