Buffett’s American Express Stock Gets Hammered for $780 Million

Warren Buffett is certainly not having his best Thursday ever. Berkshire Hathaway is currently the largest shareholder of American Express stock based on the most recent regulatory filings. Berkshire Hathaway currently owns 151,610,700 shares of the company as of September 30. At this time, American Express’ stock is down $5.15 per share, or 6%, in …

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How Falling Oil Prices Could Hurt & Help Warren Buffett

During the last time the price of oil fell below $50 a barrel, Warren Buffett certainly showed his guilt. At the time Buffett purchased shares of Conoco Phillips for billions of dollars while it was nearing its peak in 2008, then out of nowhere crude oil prices and the energy company shares fell in value …

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