Warren Buffett Has Been Betting Big on Oil. It’s Time to Find Out Why Berkshire Hathaway Made This Bet.
Not long ago, Warren Buffett seemed like he was mostly done with oil stocks. The renowned investor lost big on an oil-company investment in 2008, and bailed out of another in 2014. He assured his shareholders he had learned his lesson.
Then, last year, Mr. Buffett built up a fresh $39 billion bet.
Not long ago, Warren Buffett seemed like he was mostly done with oil stocks. The renowned investor lost big on an oil-company investment in 2008, and bailed out of another in 2014. He assured his shareholders he had learned his lesson.
Then, last year, Mr. Buffett built up a fresh $39 billion bet.