By Jon Carter
Monday, November 18th, 2013
Investors and analysts have been following billionaire investor Warren Buffett’s portfolio to trail his success.
Buffett knows this
and has received special permission from the Securities and Exchange Commission to delay the disclosure of his investments to keep potential copycat investors in the dark.But we must remember that what works for Warren Buffett may not necessarily work for others. Most investors simply do not have the purchasing power and asset-backing to make such heavy plays. But investors still turn to his portfolio decisions for advice.
So when Buffett's Berkshire Hathaway (NYSE: BRK-A) disclosed a $3.45 billion stake in Exxon Mobil (NYSE: XOM) in the third quarter, it was certainly enough to turn heads toward the Houston-based company.
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