Warren Buffett Can't Stop Buying Shares of Occidental Petroleum -- and It's Probably Not for the Reason You Think

Since becoming CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, Warren Buffett has run circles around all three of Wall Street's major stock indexes. Whereas the broad-based S 500 has enjoyed an aggregate total return, including dividends paid, of nearly 36,000% since the affably dubbed "Oracle of Omaha" became Berkshire's head honcho, Buffett has overseen just shy of a 5,000,000% aggregate gain in his company's Class A shares (BRK.A).

When you outperform the broader market by this magnitude, you're going to draw quite the audience. It's why roughly 40,000 people flock to Omaha, Nebraska, each year to listen to Warren Buffett speak about his company, the U.S. economy, and his investing philosophy.

It's also why Berkshire Hathaway's Form 13F filing is the most-anticipated on Wall Street. A 13F provides an easy-to-understand snapshot of what Wall Street's smartest investors have been buying and selling in the most recent quarter.

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Source Fool.com