Berkshire Hathaway Inc.’s investment in Occidental Petroleum Corp. is straight out of Warren Buffett’s playbook.
On Tuesday, the billionaire investor’s firm agreed to inject $10 billion into Occidental’s bid to acquire Anadarko Petroleum Corp. Berkshire will get preferred Occidental shares if a deal goes through.
OCCIDENTAL Petro poster child of Ameticsn capiitalism just bribe sitting senators and congressman. Dohey did that . Google Teapot Dome Scandal.
And that folks, is how the rich, in America, get richer. I'm wondering if this will be as sweet as the bailout investment in Goldman Sachs. He who has the capital wins. Well done, Warren!
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