Warren Buffett does not make many big trades but acts quickly and with conviction when he does. His holding company, Berkshire Hathaway, rarely buys more than 5% in any single business, preferring to hold smaller stakes in a wide range of companies while concentrating its bets on the top holdings, such as Apple, Coca-Cola, and American Express. However, over the past two years, one company has emerged as Buffett’s favorite: Occidental Petroleum. Q1 2023 hedge fund letters, conferences and more Buffett and Occidental Buffett began his association with this company in 2019 when Berkshire helped fund Occidental’s purchase of Anadarko…
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