Not Warren Buffett. The Oracle of Omaha’s Berkshire Hathaway just doubled down on its energy investment, dropping about $529 million on 9.6 million shares of Occidental Petroleum in the past week. If you can get past the immorality of it all, it is a pretty solid bet: Occidental Petroleum shares are up 92% this year, while the S&P 500 is down more than 20%. So, yeah…suck it, hippies, let’s get rich.
Source: https://www.erienewsnow.com/story/46753249/job-market-whiplash-is-hitting-tech-and-crypto-hard