10Mo·

Warren Buffett recently made headlines by selling numerous shares in his largest holdings, Apple and the Bank of Americasignificantly. Some even suspect that the Oracle of Omaha may have predicted the crash that really got rolling on August 6.


What is striking, however, is that the old stock market master made a strong move on another share during this period. Could it possibly be his secret strategy that he is now relying on in turbulent times? And is it worthwhile for you to get in?


The share in question is the energy company Occidental Petroleum
$OXY (-0,19 %) . A look at the Bloomberg database shows that Warren Buffett bought more than seven million new shares in the company according to a filing on June 17. Not only that: he even bought on nine consecutive days in June. According to CNBC, Buffett bought Occidental shares every trading day from June 5 to June 17. The investor is said to have increased his stake in the company to almost 29%.


Source: https://www.boerse-online.de/nachrichten/zertifikate/warren-buffetts-geheimwaffe-waehrend-er-apple-verkauft-schlaegt-er-bei-dieser-aktie-immer-wieder-zu-20363609.html

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16 Commentaires

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Apart from the stock market etc. What does the man want with so much money, he's got his next 10 generations covered.
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@InvestRookie This is how people who are fulfilled by their work function... Why stop if you love it?
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@Humble_InvestingX You're right, of course.
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10Mo
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@InvestRookie I completely understand your comment. It's terrible when managing directors take sustainable care of their company so that it can last for generations.
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10Mo
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10Mo
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@West-End-Girl Ironically, he once described it as the biggest investment mistake of his life.
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@InvestRookie 1000 generations if you do the real math
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Berkshire has hardly invested any of it at the moment, I think they're pushing around 280 billion.
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@Variett At 5%, I would also put a cash cushion in front of me 😉😂
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$OXY buy ? been thinking about doing it for weeks 😅
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I'm more curious about the outcome:
Will Buffett be involved in the yen carry trade?https://stock3.com/news/warren-buffett-leiht-sich-yen-was-steckt-dahinter-12163045
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Did he also reduce his Japan share before the crash?
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