The other billionaire in the top 10 on the Bloomberg list growing wealthy is Gautam Adani, an Indian infrastructure tycoon who owns real estate assets, commodities and energy firms, whose total net worth is $102 billion.
Buffett-owned Berskhire Hathaway invested $7 billion in oil producer Occidental Petroleum Corporation, increasing its stake to more than 14%. The investment conglomerate also increased its stake in Chevron (NYSE:CVX), which has risen to fourth position in Berskhire’s holdings ranking.
Buffett’s investment style remains intact: companies that are stable, consistently producing cash flows and are not valued above market multiples, TheStreet said.
The inflation and the fear of new interest rate hikes by the FED has led to hedge funds or hedge funds has reduced its positions in wall street stocksaccording to Eric Platt, Ortenca Aliaj and Nicholas Megaw in the Financial Times. It has even been longest selling streak since 2011.
The S&P 500 he has down for six weeks straight in a tumultuous run that Thursday left Wall Street’s benchmark stock barometer almost a fifth below the maximum it reached in early 2022before a dramatic rise on Friday.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
