Post #19412 by mungofitch on the Berkshire Hathaway board

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“OXY stock up from $41 to $58 this year, though that's probably not very important to the folks in Omaha.”
...
Wondering what you mean here?

Nothing fancy. Just that I expect that management expects this to be a very long term position, so changes to business prospects are important but shorter term price moves aren't.

It matters that their cash flow will be a lot better next quarter than it otherwise would have been (and perhaps longer, who knows), but as they almost certainly aren't going to be sellers, the share price change year to date is just noise.

Jim

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