OMAHA-ADJACENT — Warren Buffalo, the 95-year-old value investing legend known as the Oracle of Oshawa, has begun purchasing $3 billion worth of the Nasdaq 100 every day for four consecutive days, according to sources who, by every known mechanism of securities disclosure, could not possibly know that.
The buying spree, which totals $12 billion, represents roughly 0.03 percent of the index’s value and is expected to move markets “profoundly,” said one analyst, “assuming everyone finds out about it, which they can’t.”
Buffalo, chairman of Herdshire Hathaway, has famously avoided technology stocks for six decades, telling shareholders as recently as May that he never buys anything he doesn’t understand, and that he “still isn’t entirely clear on what the computer does.” Asked what changed, Buffalo reportedly set down his room-temperature Cherry Pepsi and said, “Be greedy when others are fearful. And frankly, be greedy the rest of the time too. I’ve been doing this 80 years and nobody’s checked my math once.”
The purchases are believed to be directed by Buffalo personally rather than his deputies, Ted and Todd, who have never been photographed in the same room and may be the same man.
Institutional filings will not confirm the trades until the next quarterly 13F disclosure, due 45 days after quarter-end, at which point the information will be roughly as actionable as a weather forecast from March. Nevertheless, retail traders responded within minutes, piling into stocks Buffalo has never mentioned, several he has publicly warned against, and at least one that does not exist.
Market-structure experts noted that $3 billion a day is a rounding error against the Nasdaq 100’s daily volume, and that anyone actually deploying that money would slice it into thousands of anonymous orders specifically so nobody — least of all the financial press — would ever see it happen.
“That’s what makes this reporting special,” the analyst said. “It’s unverifiable, mechanically invisible, and a minimum of 45 days early. We’re calling it a scoop.”
Nasdaq declined to comment, observing that an index cannot technically be bought, only tracked — a distinction the sources dismissed as “pedantic.”
At press time, Herdshire Hathaway’s only confirmed holding remained $380 billion in cash, which Buffalo calls “dry powder” and which his own shareholders now describe as “less a reserve than a personality.”
