Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100

Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100

Warren Buffett kept a lot of cash on hand in recent years.

At the end of 2021, the cash pile at his holding company Berkshire Hathaway had grown to a near-record $146.7 billion. That shouldn’t come as a surprise. Buffett is a value investor, after all, and valuations were bloated in the U.S. stock market after significant rallies in 2020 and 2021.

“We find little that…

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