OXY and Buffett's Increasing Stake

He did say he does not want to buy enough shares to take it over. It does pump to the mid $60's occasionally and will hit the $70's as soon as FJB is gone.

He can dump a big chunk at 68-70, announce he dumped it, then buy it all back in a few days at $62 when the bloodbath is through.

You and me both. Turned 2k into 12k on O&G alone. Then got greedy and prices tanked. I'm sitting at 6k waiting for this summer, hoping for a boost.

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He can dump a big chunk at 68-70, announce he dumped it, then buy it all back in a few days at $62 when the bloodbath is through.

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That’s not Buffett’s style with OXY. He sells low and buys high. Sold 48 million shares in 2020 in the $15 range. Bought it back in 2022 and continuing for $53 a share.

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Lol. Trying to make it sound like Buffet makes a lot of investment mistakes.

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No. You must be adding sentences to my post that are not there. I am saying other than the loans Buffett has made huge mistakes in OXY.

LMFAO at you trying to make it seem like Buffett is infallible (what’s good for goose is good for gander since you are just making stuff up then I will, too, so we are on equal footing)? He’s not. Buffett’s biggest key to success is time. He was not a billionaire until 54. He’s just lived another 40 years to add to it. Substantial amounts of Berkshire money has been on the sidelines ($130 billion) not maximizing value (even after he said around 2017 that they would be making a mistake if they had that much money on hand in the future). For the average individual to invest in the same things that Buffett does, they would not become wealthy unless they lived to 93 years old. He has been blown out by the S&P the last 7 and 12 year periods. He thrives in weakness, so you really have to go back to the 15 year period to find him beating the S&P.