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Confidence men never went away, they just made their con "too big to fail" (lemmy.world)

submitted 11 months ago* (last edited 11 months ago) by AllonzeeLV to c/politicalmemes

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[–] waitmarks 4 points 11 months ago* (last edited 11 months ago) (1 children)

WTF are you talking about? Berkshire Hathaway literally owns 25% of Occidental Petroleum. It’s one of their biggest positions.

[–] Guest_User 0 points 11 months ago (1 children)

It is absolutely not one of their biggest positions, not even close. It's only 5% of their total investment. These claims are really easy to fact check and prove false https://www.buffett.online/en/portfolio/

[–] waitmarks 1 points 11 months ago* (last edited 11 months ago)

Your own link shows his investments in chevron and OXY to be over 10% and his 5th and 6th largest positions respectively.

And Berkshire Hathaway is the single largest shareholder of OXY at 25% according to https://finance.yahoo.com/quote/OXY/holders

So to say "He invests in boring slow predictable companies, and not the oil industry." is false