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Chevron Corporation Message Board

  • the_planters_guy the_planters_guy Aug 20, 2012 10:05 PM Flag

    Warren Buffet Does Not Own CVX

    'Nuff said.

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    • Buffet never bought shares of MSFT, CSCO, AMZN, GOOG, AAPL... why?... 'cause he's not interested to invest in companies that, due to their own capabilities or marketing opportunities have potential to do well... yet rather, Buffet looks for companies who are struggling, companies that they may be able to take over... of all the companies that Buffet and company owns 100% of, only one company did we ever invest in, Burlington Northern Railroad... Burlington's achilles heel was their steep grades of track, that cost 'em dearly... for us, we thought railroads were a safe bet, yet other railroad stock did much better... with oils, Buffet is still vested in COP and PSX... ConocoP has more problems than we have space here to list... PSX was saddled with too much debt when it was spun off, yet we're vested in both of these oils too... we first vested in P and DD, for which DD spun off COC, for which merged with P, of which begat PSX... Buffet also owns shares of PTR, of which we bought back in year 2000, long before Buffet grew interested, yet after much of their growth... oh well... have a nice day...

      Sentiment: Hold

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