2Wk·

Nu COO resigns

Nubank $NU (+0.76%)
announces that Youssef Lahrech has resigned as President and COO

Published on 20.05.2025 at 22:21

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30 Comments

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That's why Warren Buffet liquidated the entire $NU position🤔
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@DividendenAlpaka You do realize that Berkshire purchases/sales are reported with 6 to 12 week delays?
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@Dividenden_Monteur Buffet always has insider knowledge, he already knows today which CEO will step down in 5 years 😉😅
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@BavarianLion That's exactly what I think! Buffet, as one of the (former) main shareholders of $NU, certainly knows the management personally and will certainly see it coming when a COO steps down.
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@DividendenAlpaka Of course! That's why I'm also of the opinion that it's always been nonsense to "copy" Buffett! The man has completely different insider knowledge, and he gets shares at completely different prices to us "normal" investors! When you're that rich and constantly moving in these circles, you get to know a lot and can develop investment strategies months, if not years, in advance 😉
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Unless it's a complete dumpster fire, could also be a good moment to load up. The business case is still intact, recent numbers were strong. What do you think?
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@BavarianLion What makes you think that he gets shares at "other prices"?
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@Jakobi This is common knowledge! Warren Buffett buys blocks of shares for which he negotiates a price beforehand! For example, he buys 1 billion shares in company XY, then he does not get the share at the "normal" trading price that we pay, but 10-15% cheaper! Of course, this is worthwhile for the companies, because if it becomes known that Buffett is investing in company XY, then suddenly everyone wants this share! So it's a win-win business 🙂
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@BavarianLion and is there a source for this theory?
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It was recently mentioned in a video by Finanzfluss, I'd have to look for the link! And I also read about it in an interview with a hedge fund manager!
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Perhaps in six months' time we will read that Buffet has re-entered the market.
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The share is really nothing for buy and hold or hope in my opinion. It's certainly good for trades. I have set aside a few euros in a separate securities account and added $NU to the list. The first trade was $UNH, it's working so far, let's see what might happen with NU 🤷‍♂️
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Is anything known about the reasons?
@Tenbagger2024 The CCO will probably move to another position in the company, and the CEO will take over the CCO's duties
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@investor_559
I had read that, but they are silent about the real reasons.
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Get out of this mess...
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@wealth_navigator_64 that, on the other hand, is clearly going too far for me 😆
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@DividendenAlpaka this is simply wasted money so far with my entry. 18% down
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@wealth_navigator_64 When was your entry?
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Nothingburger
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