Buffett Slams Private Equity Firms

The video discusses Berkshire Hathaway's potential successors, Greg Abel and Ajit Jain, and their roles in the company. It highlights the importance of their public appearances to gain investor trust. The topic of share buybacks is explored, noting Berkshire's historical preference for acquiring common stocks and its recent policy change to allow buybacks. The video also covers Berkshire's investment in Occidental, emphasizing Buffett's strategy of acquiring preferred stock and warrants to generate high returns, similar to past deals with Goldman Sachs and Bank of America.

How did Warren Buffett describe his investment strategy in Occidental?

What concerns do investors have regarding Warren Buffett's ability to deploy cash?