Daily Archives August 28, 2009

Insider Trading with Warren Buffett: The embarrassing truth from a non-believer

Who the heck is Jim Kilts?   My oldest brother is friends with Jim Kilts.  Mr. Kilts was the Chairman of the Board of Gillette before it got sold to Procter and Gamble.  It was at Gillette that Kilts developed a relationship with Warren Buffett and where they came to know each other’s strengths.   When Buffett resigned from the board of Coca Cola he recommended Kilts to take his place because “he is one of the great businessmen in America.”  Turn the clock ahead and Gillette gets sold to P&G and Kilts is “in between jobs.”   It was during this time
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