Warren Buffett, the head of Berkshire Hathaway, has achieved remarkable success, generating average annual returns of 20% since taking over in 1965. His investment approach focuses on acquiring undervalued companies with strong fundamentals and holding them long-term. Occidental Petroleum has emerged as a favorite, making up 28% of Buffett's portfolio. Despite recent market fluctuations due to global economic concerns, Buffett's significant investment in OXY highlights his belief in the company's potential, particularly its advancements in low-cost oil production and carbon capture technologies.
Warren Buffett has turned Berkshire Hathaway into a $1 trillion powerhouse, delivering an average annual return of 20% since 1965, significantly outperforming the S&P 500.
Buffett's investment philosophy emphasizes buying great companies at fair prices. His favorite, Occidental Petroleum, is a crucial player in the U.S. oil industry.
Buffett's commitment to investing in Occidental Petroleum illustrates his confidence in companies that manage debt strategically, as seen with OXY CEO Vicki Hollub's efforts to reduce their debt.
Despite current market concerns regarding oil prices and economic slowdown, Buffett's continued investment in Occidental reflects his long-term confidence in its potential growth and financial strategies.
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