Billionaire Warren Buffett added two other major American brands to Berkshire Hathaway Inc.’s investment portfolio
Buffett’s conglomerate bought $ 8.6 billion in shares of Verizon Communications Inc., the largest mobile operator in the United States, and $ 4.1 billion in oil company Chevron Corp., according to a snapshot of the investments made. in the quarter ended December 31.
It is not clear in the process whether Buffett made the decision to invest in the two companies or whether the decision was made by Berkshire money managers, Todd Combs and Ted Weschler. The two are expected to take over all Berkshire investments, once Buffett is no longer in the main job.
In the early months of the pandemic, Buffett, 90, said he was optimistic that the US economy would recover from the Covid-19 turmoil over time.
“You can bet on America, but you have to be careful when you bet,” said Buffett in May. “Simply because the markets can do anything.”