Warren Buffett, CEO of Berkshire Hathaway (BRK.A 2.49%) (BRK.B 2.15%), is widely regarded as one of the greatest investors of all time.
The Oracle of Omaha has demonstrated for years what a potent ally time can be. Since taking over as CEO in 1965, he has contributed to the creation of more than $630 billion in value for shareholders, including himself, and has seen the Class A shares of his firm increase in value by more than 3,600,000%. (BRK.A).
Due to Buffett’s impressive track record, both novice and experienced investors wisely follow his example and draw inspiration from his investment portfolio when considering new strategies.For investment ideas, investors pay close attention to Berkshire Hathaway’s 13Fs.
What successful money managers owned at the end of the most recent quarter is essentially captured in a Form 13F.Buffett and his crew have invested heavily in the oil companies Chevron (CVX 2.85%) and Occidental Petroleum (OXY 5.46%).
The assumption that the spot price for crude oil and natural gas will continue well above average is the justification for these big acquisitions.
Investors pay close attention to Berkshire Hathaway’s 13Fs for recommendations on investments.A Form 13F basically reflects what profitable money managers possessed at the end of the most recent quarter.Chevron (CVX 2.85%) and Occidental Petroleum (OXY 5.46%) are two energy firms in which Warren Buffett and his team have made significant investments. The basis for these significant purchases is the expectation that the spot prices for natural gas and crude oil will remain well above average.