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<\/span><\/a>Warren Buffett’s investing principles<\/span><\/h2>\n\n\n\n
In its PRO INVESTOR EDUCATION<\/a>, CNBC listed Warren Buffett's core investing principles he has consistently outlined in his interviews, at annual meetings, and in letters to Berkshire Hathaway Inc.'s shareholders. Here are the main ones:<\/p>\n\n\n\n
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Follow a buy-and-hold strategy<\/li>\n\n\n\n
Do not attempt to time stock price<\/a> fluctuations<\/li>\n\n\n\n
Do not risk money you do not have<\/li>\n\n\n\n
Do not invest in non-productive assets like gold<\/a><\/li>\n\n\n\n
Do not envy people who make money from risky trades<\/li>\n<\/ul>\n\n\n\n
<\/span>Warren Buffett’s largest deals from 2001 to 2023<\/span><\/h2>\n\n\n\n
<\/a>1. Burlington Northern Santa Fe Corp. - 44 billion USD<\/h3>\n\n\n\n
In 2009, Warren Buffett bought<\/a> railway operator Burlington Northern Santa Fe Corp. for nearly 44 billion USD. According to the Guardian<\/a>, in 2009, Burlington Northern Santa Fe Corp. railways stretched over approximately 32,000 route miles, and the company employed 40,000 people and ran 6,700 locomotives.<\/p>\n\n\n\n
<\/a>2. Precision Castparts Corp. - 37.2 billion USD<\/h3>\n\n\n\n
In 2015, the Oracle of Omaha acquired<\/a> a majority stake in aerospace and energy equipment manufacturer Precision Castparts Corp. for 37.2 billion USD. In 2014, 70% of the company's revenue came from the aerospace industry, with clients including General Electric Co<\/a>., Boeing<\/a> Co., and Airbus Group SE.<\/p>\n\n\n\n
<\/a>3. H.J. Heinz Co. - 28 billion USD<\/h3>\n\n\n\n
In 2013, Warren Buffett together with 3G Capital purchased H.J. Heinz Co. food company for 28 billion USD. As reported<\/a> by Reuters, H.J. Heinz Co.'s share in the global market was 26%, and its share in the US market was 59%.<\/p>\n\n\n\n
<\/span><\/a>Berkshire Hathaway in brief<\/span><\/h2>\n\n\n
<\/rg-instrument><\/div>\n\n\n\n
Founded in:<\/strong> 1955<\/p>\n\n\n\n
Registered in:<\/strong> the US<\/p>\n\n\n\n
Headquarters:<\/strong> Omaha, Nebraska<\/p>\n\n\n\n
Market capitalisation:<\/strong> 763.92 billion USD<\/p>\n\n\n\n
$\"Berkshire$ <\/a>
*Berkshire Hathaway Inc.'s revenue, 2010-2022<\/em>**<\/figcaption><\/figure>\n\n\n\n* $\"Berkshire$ <\/a>
Berkshire Hathaway<\/em> *Inc.'s net income\/loss, 2010-2022<\/em>**<\/figcaption><\/figure>\n\n\n\n* $\"Berkshire$ <\/a>
*Berkshire Hathaway Inc.'s portfolio value, 2013-2023<\/em>**<\/figcaption><\/figure>\n\n\n\n*<\/span>Buffett’s Top 3 stocks by investment volume for Q2 2023<\/span><\/h2>\n\n\n\n
According to Whale Wisdom data<\/a> as at 30 June 2023, the top 3 stocks by investment volume for Berkshire Hathaway Inc. for Q2 2023 included Occidental Petroleum Corporation, D.R. Horton Inc., and Capital One Financial Corporation securities.<\/p>\n\n\n\n
<\/a>1. Occidental Petroleum Corporation - 0.73 billion USD<\/h3>\n\n\n
<\/rg-instrument><\/div>\n\n\n\n
Founded in:<\/strong> 1920<\/p>\n\n\n\n
Registered in:<\/strong> the US<\/p>\n\n\n\n
Headquarters:<\/strong> Houston, Texas<\/p>\n\n\n\n
Market capitalisation:<\/strong> 55.74 billion USD<\/p>\n\n\n\n
Occidental Petroleum Corporation (NYSE: OXY) is a major oil and gas company specialising in crude oil and natural gas exploration, development, production, and sales.<\/p>\n\n\n\n
From July to September 2023 inclusive, Berkshire Hathaway Inc. bought 12.42 million shares of Occidental Petroleum Corporation for 0.73 billion USD, at an average of 58 USD per unit. The share of this oil and gas stock in the investment portfolio of Buffett's fund reached 3.78%.<\/p>\n\n\n\n
Based on Occidental Petroleum Corporation's Q2 2023 report<\/a>, revenue decreased by 37.30% to 6.73 billion USD compared to the same period in 2022. Net profit fell 77.10%, dropping to 860 million USD, and EPS declined by 81.91%, to 0.68 USD.<\/p>\n\n\n\n
<\/span><\/a>Technical analysis of Occidental Petroleum stock<\/span><\/h3>\n\n\n\n
Since 11 August 2023, the quotes have been moving within the formation of the Head and Shoulders reversal pattern. A breakout of the pattern neckline with the price consolidating above the 68.00 USD level may indicate a possible completion of the pattern with a potential growth target of 74.00 USD.<\/p>\n\n\n\n\n