Billionaire Warren Buffet has been acquiring stocks on the dip during the recent market downturn and bulking up his stakes in oil companies such as Occidental ( (OXY) - Gaukite „Occidental Petroleum Corporation“ ataskaitą).
Through the end of 2021, Berkshire Hathaway ( (BRK.A) - Gaukite Berkshire Hathaway Inc. A klasės ataskaitą had amassed a large amount of cash, increasing speculation on the CEO’s plans for the company. The conglomerate had $146.72 billion and after buying up insurance company Alleghany Corp ( (Y) - Gaukite „Alleghany Corporation“ ataskaitą) for $11.6 billion, it also spent millions to rack up shares of Occidental, HP ( (HPQ) - Gaukite HP Inc. ataskaitą) ir Chevron ( (CVX) - Gaukite „Chevron Corporation“ ataskaitą). This left the company’s cash stockpile at $106.26 billion at the end of the first quarter.
Source: https://www.thestreet.com/investing/buffett-buying-stocks-on-the-dip?puc=yahoo&cm_ven=YAHOO&yptr=yahoo