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Buffett has stock/owns BYD, fossil fuel companies (Occidental, Chevron), lots of fossil fuel power companies that actively lobby against renewables, GEICO, stea
by thelastgallon 3y ago
Buffett has stock/owns BYD, fossil fuel companies (Occidental, Chevron), lots of fossil fuel power companies that actively lobby against renewables, GEICO, stealerships [1](also known as dealerships), Lubricants (Lubrizol, only needed for gas cars) and quite possibly a lot more that I don't know about which are threatened/compete with Tesla. It is understandable that he will put his competitors down.
Buffett's only tech investment is IBM, which bombed. He didn't pick Apple[3], which is now half of Berkshire Hathaway's portfolio[2]. Got super lucky from Apple investment. Buffett buys monopolies/oligopolies, which as we all know do regulatory capture and steal money from everyone else.
1)Berkshire Hathaway Automotive is one of the largest dealership groups in America, with over 100 franchises in 10 states: Berkshire Hathaway Automotive is one of the largest dealership groups in America, with over 100 franchises in 10 states
2)https://www.fool.com/investing/2023/12/16/half-warren-buffett-portfolio-1-stock https://www.fool.com/investing/2023/12/16/half-warren-buffet...
3)Berkshire Hathaway's cash in Apple. Inc. was selected by one of Warren Buffett's stockpicking lieutenants, not by the "Oracle of Omaha" himself: https://www.wsj.com/articles/BL-MBB-49672 https://www.wsj.com/articles/BL-MBB-49672