On March, Buffett spent US$470 million to buy 7.9 million shares of $Occidental Petroleum (OXY.US)$, and then it rose by more than 2%, which attracted the attention of many investors.
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History is unfolding before us, and we have been chosen as witnesses.
The fallout from SVB's collapse still looms over the market. Not sure how the bank runs will affect the rest of the U.S. banking sector, especially some smaller banks. Global financial stocks have lost $465 billion in market value so far as investors cut exposure to lenders following the collapse of Silicon Valley banks, according to a Bloomberg news report on March 14, 2023.
Now is not the time to be...

Due to the recent drop in Net Income, BABA’s $Alibaba (BABA.US)$ PE ratio of 134 times seems to be ridiculously high. However, this won’t be an accurate representation of Baba’s true earnings capacity and valuation, as the earnings have been distorted due to investment losses.
If earnings can be relied on, we can use ratios like P/B and Price/Forward Earnings as a good gauge. Right now, both ratio is significantly lower than their 5-Yr Average, which could mean BABA is prese...