In an SEC Form 4 filing this evening, Berkshire Hathaway reported that it added $60 million to its stake in Phillips 66 (NYSE: PSX) on June 10 and 13 at $79.13 – $80.04 per share. Berkshire Hathaway now owns 78.8 million shares of PSX, representing 15% of its outstanding shares. Berkshire’s PSX investment is valued at $6.2 billion at today’s closing price on the New York Stock Exchange of $78.90. Berkshire has added $250 million to its stake in PSX from May 19 – June 13, 2016. Previously, Warren Buffett had disclosed that PSX was his investment and not that of his portfolio managers Todd Combs and Ted Weschler.
Themes for the next decade: Cannabis, 5G, and EVs
A lot changes in 10 years, and many changes are expected by the time 2030 rolls around. Some key themes have already emerged, and we expect them to continue to impact investing decisions. At the recent Morningstar conference, several panelists joined a discussion about several major themes for the next decade, including cannabis, 5G and Read More