Warren Buffett is stepping down as CEO of Berkshire Hathaway by the end of 2025. For decades, investors have followed Buffett’s portfolio to try and mimic his best investing ideas.
For now, it’s still possible to follow Buffett’s stock picks given he remains in his leadership position. One of his stock picks looks particularly exciting. Another pick, however, should be avoided by most investors.
Buffett is a huge fan of oil and gas producer Occidental Petroleum (NYSE: OXY). He currently owns more than 25% of the entire business. In 2022, Berkshire received regulatory permission to buy up to half of the company’s shares, so more buying may be on the way.