Investing like billionaires can help generate significant returns due to their extensive research and market understanding. The article highlights that while one should not blindly follow billionaire strategies, observing their stock picks can be beneficial. Currently, billionaire Warren Buffet has increased his investment in Occidental Petroleum Corp, recognizing its potential despite a recent downturn. The stock's volatility presents a buying opportunity, with strong long-term prospects tied to oil demand and pricing dynamics. Investors are encouraged to do their due diligence to mitigate risks associated with such investments.
It might not always be a hit, but billionaires have a history of picking stocks that can beat the market.
Billionaire Warren Buffet and his team increased their stake in Occidental Petroleum Corp, purchasing 8.9 million shares for $405 million.
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