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Billionaire Warren Buffett has added two other top US brands to Berkshire Hathaway Inc.’s investment portfolio.
Mr Buffett’s conglomerate bought $ 8.6 billion of shares in Verizon Communications Inc., America’s largest mobile operator, and $ 4.1 billion in oil company Chevron Corp., according to an overview investments held during the quarter ended December 31.
It is not clear from a file whether Mr. Buffett made the decision to invest in the two companies or whether the decision was made by Berkshire fund managers Todd Combs and Ted Weschler. The two are expected to resume all investments from Berkshire once Mr Buffett is no longer in the top position.
In the early months of the pandemic, Mr Buffett, 90, said he was optimistic the US economy would recover from the Covid-19 crisis over time.
“You can bet on America, but you’ll have to be careful how you bet,” Mr. Buffett said in May. “Simply because the markets can do anything.”
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