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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Goofyhoofy ✸✹🐝 HONORARY
SHREWD   😊 😞
Number: of 21939 
Subject: Re: OXY
Date: 12/22/24 5:54 PM
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No. of Recommendations: 3
Not that it hasn’t been hashed into tiny granules, but another pass:

Buffett Violates Own Rule in Buying Occidental Stock

One of Warren Buffett’s favorite maxims is to stick with winners and not add to losing investments. His Berkshire Hathaway seems to be violating that principle with its recent purchases of Occidental Petroleum and Sirius XM Holdings stock.“

We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds,” Buffett wrote.

Buffett has generally hewed to that approach over the years, sticking with such big winners as American Express and Coca-Cola in Berkshire’s $300 billion portfolio.

But he went against principle when he cut Berkshire’s stake in Apple this year by two-thirds, to 300 million shares. In doing so he left more than $35 billion on the table and incurred a sizable tax bill that could total $20 billion, Barron’s estimates.

Both Occidental and Sirius XM stocks are down sharply this year and have been trading below Berkshire’s average cost
barrons.com - Warren buffett berkshire hathaway occidental
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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