No. of Recommendations: 2
Even if Berkshire bought $60m worth of Oxy every day of the year, with 250 trading days in a year, that would be only $1.5b.
....
Seems like you are missing a zero there
You're right, a million shares a day for 250 days would be $15b, not $1.5b. The whole market cap of Occidental is $54b, so $15b more would be another 28%; if he stops at 15% more (for a total of 50% of the company), that would be 7 more months at this rate.
So I got the time limit right, but in fact the $15b a year pace would sop up almost half of Berkshire's operating earnings, so there's hope Buffett could find alternatives!
dtb
