Warren Buffett saw his profits rise as some millionaires lost billions of dollars in just a few months.
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Billionaire Warren Buffet is one of only two of the ten richest people in the world to have seen his figure rise since January.
Berkshire Hathaway Chief Executive Officer (BRK.A) - Listed fifth on the list, the world's richest daily population, totaling $ 112 billion and earning $ 2.62 billion annually by the end of May 12.
Another businessman on Bloomberg's top 10 list is Gautam Adani, India's chief financial officer who owns housing, goods and power generation and distribution, valued at $ 102 billion and whose current performance is profitable. at $ 25.5 billion.
Of the 100 richest people, only 24 billion have seen their profits increase year-round so far by the end of May 12 trading.
Buffett Berskhire Hathaway allocates $ 7 billion Occidental (OXY) oil producer - Increases shares by more than 14%. Congress in Berkshire's top four conventional markets. Chevron is an organization Now its fourth major executor.Conglomerate spent about $ 41 billion on total purchases during the first quarter.
Electricity shares rose again in the fall in 2020 when the economy closed. Occidental stock increased by 100.38% over the past six months and 155.30% in the previous year as a result of the re-opening response. Chevron resilience was low, but the stock gained 43.7% over the past six months and 53.35% last year.
Buffett's Planting Style Is Always a Lesson
Although his opponents focus on companies Buffett should have previously invested in such as Apple (AAPL) - Because of his reluctance to own technical shares and his mistakes in aviation stock, the 91-year-old has maintained his investment strategy to buy top companies, Robert Johnson, professor finance student at Creighton University, he told.
"Most of their businesses are stable, unpopular companies that are always generating revenue and are not considered to be above market value," he said. "A lot of times people want to try to change their investment strategy to fit the market. Buffett is right in the north. He doesn't do that."
Stocks that have lost billions of dollars in a recent stock market relied on future earnings or stocks like Coinbase (COIN) "have questionable business models and poor foundations," Johnson said.
Since Buffett "does not operate at that market limit," his company benefits when "there is a plane to quality," he said.
The conglomerate owns thousands of companies from small industries to direct goods from trains, insurance, utilities to technology companies and its infamous sites like Coca-Cola ((KO) - Kraft Heinz (KHC) - And See's Candies.
"Companies that are more focused on companies that are more focused on lower prices over time, but will hold their value better than those that are more speculative," Johnson said.
The Berkshire strategy also included maintaining a large amount of free cash flow. The millionaire also said his company could do "better than banks" in giving companies credit card debt at their annual shareholders' meeting in May.
' - His second largest position behind Apple (AAPL) - and U.S.Bancorp (USB).
Berkshire has benefited from market volatility. Buffett said the conglomerate spent $ 41 billion in stocks in the first quarter and paid them with their own money.
"That's why the markets are doing crazy things, and sometimes Berkshire gets a chance to do something," Buffett said.
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Courtesy Grizler.com
