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Why you gotta photoshop Warren Buffet in front of some oil?
He invests in boring slow predictable companies, and not the oil industry.
You should have picked some Web3 joker like SBF or the OpenAI guy.
Also oil, unlike snake oil, is extremely useful and also real.
This meme sucks. Like just write "BAD" on an oil barrel and it's a better meme.
WTF are you talking about? Berkshire Hathaway literally owns 25% of Occidental Petroleum. It’s one of their biggest positions.
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/
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
This meme screams "I am a moron completely disconnected from reality"
I wish you a Happy New Year nonetheless!
this post was submitted on 29 Dec 2023
183 points (86.7% liked)
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