Reported from the WSJ:
Mr. Buffett continued reducing his stake in ConocoPhillips Co., an investment he has called a mistake. This time he shaved almost 20 million shares, to 37.7 million shares at the end of December from the end of the third quarter.
Mr. Buffett also reversed direction on his holdings of Exxon Mobil Corp., cutting his stake to 421,800 shares at December 31 from the 1.23 million he reported at the end of September. Mr. Buffett reported that he had first owned shares of Exxon Mobil as of June 30.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
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