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Berkshire Hathaway Inc. (BRK-B)
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- Motley Fool
These 9 Warren Buffett Stocks Are Higher During the Nasdaq Bear Market
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has a knack for making money. Despite navigating his way through more than a half-dozen bear markets since taking the reins in 1965, the Oracle of Omaha has created more than $590 billion in shareholder value and overseen a better than 3,600,000% aggregate return for his company's Class A shares (BRK.A). Warren Buffett's success as an investor is the result of a long list of factors, including his love of dividend-paying stocks and time-tested businesses that can outperform in virtually any economic environment.
- Yahoo Finance Video
Berkshire Hathaway ups stake in Occidental Petroleum to 16.3%
Occidental Petroleum is trading higher on news of Berkshire Hathaway buying more shares of the company.
- Reuters
Berkshire Hathaway buys 9.6 million more Occidental shares, raises stake to over 16%
The purchases were made over the past week and cost about $529 million, Berkshire said in a regulatory filing on Wednesday. Following the purchases, Berkshire now owns about 152.7 million Occidental shares worth about $8.52 billion based on Occidental stock's Wednesday close, which is down over 21% since it touched its year's high in May. However, Occidental's share prices are currently up over 90% this year, after more than doubling, as they benefited from Berkshire's purchases and rising oil prices following Russia's invasion of Ukraine.
