Forecast came false

Warren Buffett ditched Big Oil. Dumb move?
19 february 2015

Warren Buffett was one of the biggest shareholders in ExxonMobil. Not anymore.

The billionaire sold his nearly $4 billion stake in Exxon (XOM) at some point during the fourth quarter when oil prices were in a seeming free fall. Crude plunged from over $100 in July to $50 by December.

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Warren Buffett ditched Big Oil. Dumb move?

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Forecast came false

Crude plunged from over $100 in July to $50 by December.