Berkshire nears 20% stake in Occidental Petroleum, boosting bottom line??
@MaverickWealthBuilder：
Buffett $Berkshire Hathaway(BRK.A)$ keep buying $Occidental(OXY)$ another $250 million this Wednesday, reaching a 19% stake. Now total holding comes to 179 million shares worth $10.4 billion.This man is ultimately rich.The latest purchases put Berkshire closer to 20% ownership, a threshold that would let it record its proportionate share of Occidental's earnings with its own results, known as the equity method of accounting.According to US-GAAP, Equity method need to combine the bottemline items in the income stateme