Subject: Re: Target Maturity Funds (TMFs)
It was only after I bought a warrant for OXY, that I realized I paid a substantially higher price than Warren did.

The OXY warrant you bought is not the same one that Berkshire got for its preferred shares to enable acquisition of Anadarko. Those preferred shares are a private placement which are not traded on the exchange.

The OXY warrants you purchased are the warrants issued by OXY to all equity shareholders, instead of cash dividends in 2000. They are convertible to equity for a payment of $22 up thru 2027. They trade on the exchanges in lock step with OXY equity, just about $22 less.

Interestingly, Buffett sold off all the OXY dividend warrants as soon as he received them. He started buying OXY equity in a big way only in 2022.