Buffett's Berkshire buys sizable new Exxon Mobil stake: Thomson Reuters Business News - MSN Money
This is a link to an article that talks about the holdings of Berkshire Hathaway. Warren Buffett holds significant shares of XOM, SU, and other energy companies. He is basically betting that oil and energy will not be going down. It would probably be a good idea for us to believe that also. The SPDR Oil and Gas ETF (XOP) is up more than 22% year-to-date.
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