TPL - Berkshire Hathaway: Additional Exposure To Occidental Petroleum And Apple's Venture Into AI Should Lift Shares
2024-06-18 03:52:53 ET
Summary
- Berkshire Hathaway is a legendary money-making machine with over three million individual shareholders, created by Warren Buffett and Charlie Munger.
- Recent underperformance against the S&P 500 is unfounded with news of additional investment in OXY and exuberance around AAPL shares.
- The Company faces criticism for investing in fossil fuels, but the industry outlook remains brighter than the doomsday scenario forecasted by some investors.
- BRK.B is a "Strong Buy", poised for a short-term rebound and aligned for continued long-term growth.
At REITer's Digest, we have never covered Berkshire Hathaway (BRK.B), primarily because it falls outside of the scope of real estate and income producing investments. However, Buffett's masterpiece sits as a core holding for millions of investors, myself included. In fact, according to the 2023 Annual Report , the company has over three million individual shareholders. BRK.B is a legendary money making machine, which has made millionaires out of thousands of Americans over the span of decades.
BRK.B is a large and complex conglomerate created by two of the brightest minds in investing, Warren Buffett and the late Charlie Munger. In fact, BRK.B's extraordinary success over a period of decades stems from the complex execution of a remarkably simple goal:
Berkshire Hathaway: Additional Exposure To Occidental Petroleum And Apple's Venture Into AI Should Lift SharesWe want to own either all or a portion of businesses that enjoy good economics that are fundamental and enduring. Within capitalism, some businesses will flourish for a very long time while others will prove to be sinkholes. It's harder than you would think to predict which will be the winners and losers. And those who tell you they know the answer are usually either self-delusional or snake-oil salesmen.