My Hunch? Warren Buffett Is Buying More Exxon Stock Right Now

On Wednesday, Warren Buffett appeared on CNBC’s Squawk Box, and on that day, the prices of most American stocks were down a token amount in the 2-3% range (but enough to propel commentators into action). As you’d imagine, Warren Buffett got asked the obligatory question: “What, if anything, are you buying or selling?”

Buffett framed his response by noting that the appeal of buying companies grows for him as prices decline, and he did treat the modest selloff as an opportunity to buy. When pressed further, he provided a hint that he was buying a company that is a household name, and would not specify whether he was adding to an existing holding or initiating a new position.

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