#伯克希尔 Technical work of Buffett's company: Turn to 0 in seconds!

This incident is really crazy: Berkshire's stock price plummeted 99% at once. The official said it was a technical problem, but how to explain the completed transactions? Is it a technical problem? Or is it a farce of some rich man😅

Not only Berkshire, but also Bank of Montreal, Barclay Gold, etc. have experienced similar "flash crashes", which are said to be caused by the technical failure of the New York Stock Exchange.

Interestingly, before the suspension of trading of Berkshire A shares, there were 47 transactions at a price of US$185 per share. After the resumption of trading, the stock price soared to 600,000+/US shares, which means that the people who made those 47 transactions made a fortune!

But this good luck in making money only lasted one night, because the New York Stock Exchange later announced that all transactions at abnormal prices during the failure period were invalid and the data was "reset". Fortunately, the New York Stock Exchange stopped trading in time and did not make things worse. Many institutions are now using automated quantitative trading strategies. If this "flash crash" of 99% of stock prices triggers a large-scale liquidation of funds, Wall Street has to be careful, as it will be troublesome if objects fall from high altitudes.