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Warren Buffett Is Buying Again – But There’s A Big Catch This Time

Summary by 247wallst.com
Long-time investors and Warren Buffett mavens are familiar with his quote, “His favorite holding for an S&P 500 stock is forever”, so it’s not surprising to report that for all of the success and stature Berkshire Hathaway has in the investment world, 7 top companies make up almost 75% of the funds’ total holdings. 24/7 Wall St. Key Points: Warren Buffett is buying stocks for the first time since the summer The Oracle of Omaha has been sitting…

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Legendary investor Berkshire Hathaway bought shares of Houston energy company for $405 million; also made purchases of shares of satellite radio broadcasting company and communications infrastructure company, taking advantage of December liquidation sales

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Berkshire Hathaway, of billionaire Warren Buffett, took advantage of the December settlement to make Christmas purchases that included shares of Occidental Petroleum, Sirius XM and VeriSign. The largest purchase was related to the titles of the Houston-based energy producer. The figure amounted to 8,9 million papers in exchange for 405 million (mdd) in a series of transactions that started on Tuesday and ended on Thursday. With the new agreement…

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modernreaders.com broke the news in on Thursday, December 19, 2024.
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