MarketBeat.com – MarketBeat
Why Warren Buffett Just Invested $29 Billion In This “Dying Industry”
Warren Buffett has placed his next big bet.
His firm, Berkshire Hathaway, has increased its stake in this firm to 21%1.
This is only the beginning though, as he has been granted approval to buy up to 50% of available stock,2 and certain analysts believe he will eventually make a bid to purchase the entire company.3
This investment is among the biggest bets he’s ever made…
Just how big? Well, Buffett’s total cost basis for Coca-Cola was $1.3 billion. And he started buying Apple in 2016 and bought $6.7 billion that year. Coca-Cola and Apple are at the top of his signature stock picks and best performers.
His investment in this sector for the past year?
Over $29 billion.
When history’s most successful investor makes his biggest stock bet over a 12-month period – you know it’s time to act…
But, if you only read the mainstream news, you’d think Buffett has lost his mind by going “all in” on this industry.
That’s because the establishment media, the political class, and the culture warriors will screech that this industry is dying, but what Buffett knows is that the opposite is true. The industry isn’t dying… it’s about to boom like never before.
And in this new video, legendary financial analyst Porter Stansberry reveals why…
He details exactly why Buffett just went “all in” on this out-of-favor sector… and why if you follow his footsteps, you could be looking at the opportunity to see potential gains of 10-50x in the coming years.
If you don’t know Porter Stansberry, he has worked alongside Ron Paul, Jim Rogers, T. Boone Pickens, Steve Eisman, Steve Forbes, Jim Grant, and countless other financial legends.
He is best known for predicting the 2008 financial crash, the demise of General Motors and General Electric, the collapse of Fannie Mae and Freddie Mac, and for warning America would soon be plagued by riots, lockdowns, and inflation.
But he says his new prediction could be the biggest he’s ever issued.
1 https://www.investors.com/research/oxy-stock-is-warren-buffetts-energy-play-a-buy-or-a-sell/
2 https://www.investors.com/research/oxy-stock-is-warren-buffetts-energy-play-a-buy-or-a-sell/
3 https://www.cnbc.com/2022/08/19/warren-buffett-gets-permission-to-buy-up-to-half-of-occidental-petroleum-boosting-the-shares.html
Related Posts
Virgin Orbit Slashing 90% of Workforce, Pauses Operations
It looks like business is not cleared for landing at Virgin Orbit as the satellite launch company has reportedly...
2 Top-Notch Tech Stocks That Won’t Break the Bank
The tech industry is expected to flourish this year amid rising expenditure and the wide adoption of digital technologies....
What Is a Brand Personality? Here’s How to Develop One.
In today's crowded market, having a unique brand helps businesses stand out. This is where your unique brand personality...
How to Lead With Authenticity and Build a Thriving Workplace
Opinions expressed by Entrepreneur contributors are their own. As leaders, it's our responsibility to create environments that promote productivity,...
Learn Python for Just $24 During Our Spring Digital Blowout
Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you...
Save $240 on a Lifetime License to this AI Image Generator and Create Unique Blog Content in Minutes
Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you...
