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lol. Very funny.
Said he sold TSM over geopolitical risks with China, and he started cutting his position in BYD around the same time. It's likely just that.
Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1
- Thread starter HOLA
- Start date
Said he sold TSM over geopolitical risks with China, and he started cutting his position in BYD around the same time. It's likely just that.
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Yeah I was mostly joking. Though the new Tesla robotaxi looks insane in its scalability. Have you seen the numbers?
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This market is frothy asf at the moment. Just say AI or mention datacenters and stock goes up lol.
Entered small short position on Quantum computing stonks.
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No, haven't seen them.
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This is very interesting. Seems like a weird deal for OXY, but a great deal for Berkshire Hathaway.
OXY is in the middle of paying down debt/selling off assets. Looks like they're nearing a $10 billion deal with Berkshire, for their chemical unit. Berkshire owns so many OXY shares, they could just do a stock-for-asset swap, like they did with Phillips 66. It's very tax advantageous.
The chemical industry is a highly cyclical business, and they're at the cycle low right now, which makes it a very weird time to sell for OXY. I guess they're just dead set on getting the debt off their balance sheet ASAP. In 2022 OXY's chemical unit had $2.5 billion in pre-tax earnings. Which means Buffett would pick this up for 4x their pre-tax earnings for their recent cycle high. A steal.
.....
WSJ EXCLUSIVE
By Lauren Thomas, Ben Dummett and Benoît Morenne
Sept. 30, 2025 3:49 pm ET
Warren Buffett’s Berkshire Hathaway is in talks to buy Occidental Petroleum’s petrochemical business for around $10 billion, according to people familiar with the matter. The deal, which would be Berkshire’s largest since 2022, could come together within days, the people said.
Houston-based Occidental is largely known for its oil-and-gas operations. The company has a market value of around $46 billion and already counts Berkshire as its largest shareholder.
Occidental’s petrochemical division, OxyChem, manufactures and sells chemicals for use in applications including chlorinating water, recycling batteries and producing paper. The unit generated nearly $5 billion in sales in the 12 months ended in June.
Assuming talks don’t fall apart, the OxyChem deal would be Buffett’s second big bet on chemicals. In 2011, Berkshire acquired specialty-chemicals producer, Lubrizol, for close to $10 billion, including debt.
The Financial Times reported on Sunday that Occidental was in talks for a $10 billion deal to sell OxyChem, without identifying the buyer. The last major deal Berkshire did was in 2022, when it agreed to pay $11.6 billion to buy insurer Alleghany.
Buffett, 95, got involved with Occidental in 2019, as Chief Executive Vicki Hollub was trying to outbid Chevron to buy Anadarko Petroleum. In a trip facilitated by Bank of America Chief Brian Moynihan, Hollub traveled to Nebraska to visit Buffett, whose company agreed to buy $10 billion of preferred shares in Occidental to bolster her $38 billion offer.
Occidental’s fortunes have waxed and waned since then. The deal saddled the company with debt and attracted criticism from activist investor Carl Icahn. Buffett doubled down as Icahn exited, eventually buying up roughly 28% of its shares. The company’s shares more recently have come under pressure with oil prices lower.
Occidental has been selling noncore assets to raise cash to pay down debt. As of August, it said it had repaid $7.5 billion of debt.
Berkshire, on the other hand, has been sitting on a massive cash pile. The company’s cash and Treasury bills sat at a record $344 billion at the end of June, raising investors’ eyebrows.
Buffett has said the company still prefers owning businesses, though has suggested that finding the right ones to buy can be hard. “Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses, whether controlled or only partially owned,” Buffett wrote earlier this year.
The famed investor plans to retire from his role as CEO at the end of the year and hand the reins to Greg Abel. Buffett will remain chairman.
OXY is in the middle of paying down debt/selling off assets. Looks like they're nearing a $10 billion deal with Berkshire, for their chemical unit. Berkshire owns so many OXY shares, they could just do a stock-for-asset swap, like they did with Phillips 66. It's very tax advantageous.
The chemical industry is a highly cyclical business, and they're at the cycle low right now, which makes it a very weird time to sell for OXY. I guess they're just dead set on getting the debt off their balance sheet ASAP. In 2022 OXY's chemical unit had $2.5 billion in pre-tax earnings. Which means Buffett would pick this up for 4x their pre-tax earnings for their recent cycle high. A steal.
.....
WSJ EXCLUSIVE
By Lauren Thomas, Ben Dummett and Benoît Morenne
Sept. 30, 2025 3:49 pm ET
Warren Buffett’s Berkshire Hathaway is in talks to buy Occidental Petroleum’s petrochemical business for around $10 billion, according to people familiar with the matter. The deal, which would be Berkshire’s largest since 2022, could come together within days, the people said.
Houston-based Occidental is largely known for its oil-and-gas operations. The company has a market value of around $46 billion and already counts Berkshire as its largest shareholder.
Occidental’s petrochemical division, OxyChem, manufactures and sells chemicals for use in applications including chlorinating water, recycling batteries and producing paper. The unit generated nearly $5 billion in sales in the 12 months ended in June.
Assuming talks don’t fall apart, the OxyChem deal would be Buffett’s second big bet on chemicals. In 2011, Berkshire acquired specialty-chemicals producer, Lubrizol, for close to $10 billion, including debt.
The Financial Times reported on Sunday that Occidental was in talks for a $10 billion deal to sell OxyChem, without identifying the buyer. The last major deal Berkshire did was in 2022, when it agreed to pay $11.6 billion to buy insurer Alleghany.
Buffett, 95, got involved with Occidental in 2019, as Chief Executive Vicki Hollub was trying to outbid Chevron to buy Anadarko Petroleum. In a trip facilitated by Bank of America Chief Brian Moynihan, Hollub traveled to Nebraska to visit Buffett, whose company agreed to buy $10 billion of preferred shares in Occidental to bolster her $38 billion offer.
Occidental’s fortunes have waxed and waned since then. The deal saddled the company with debt and attracted criticism from activist investor Carl Icahn. Buffett doubled down as Icahn exited, eventually buying up roughly 28% of its shares. The company’s shares more recently have come under pressure with oil prices lower.
Occidental has been selling noncore assets to raise cash to pay down debt. As of August, it said it had repaid $7.5 billion of debt.
Berkshire, on the other hand, has been sitting on a massive cash pile. The company’s cash and Treasury bills sat at a record $344 billion at the end of June, raising investors’ eyebrows.
Buffett has said the company still prefers owning businesses, though has suggested that finding the right ones to buy can be hard. “Berkshire will never prefer ownership of cash-equivalent assets over the ownership of good businesses, whether controlled or only partially owned,” Buffett wrote earlier this year.
The famed investor plans to retire from his role as CEO at the end of the year and hand the reins to Greg Abel. Buffett will remain chairman.
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TSLA +36% this month. Wonder who called that
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Hahahah the SEC just accused Tai Lopez (you know him, he's the "i'm here in my garage with this Lamborghini I just bought" asshole from ads that were all over YouTube for years) of running a Ponzi scheme and defrauding investors out of $112 million. Props for going big though. $112 million is no joke.
www.cbsnews.com
Buyers of Radio Shack, Pier 1 Imports and other brands accused of running $112 million Ponzi scheme
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
www.cbsnews.com
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Closing out my CLSK position tomorrow. Time to get into the quantum game
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Quantum stocks flying today, RGTI up 20% today so far. Infleqtion, looks really promising and is going to IPO soon.
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Berkshire Hathaway to buy Occidental’s OxyChem for $9.7 billion, in Buffett’s biggest deal in three years
Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash.
The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany. It also comes at a time in which the conglomerate is sitting on $344 billion in cash, near a record for the company.
Shares of Occidental fell about 4% on Thursday following the announcement.
Berkshire is already a major investor in Occidental, holding a 28.2% stake as of the end of June. Buffett — who is 95 and stepping down as CEO at the end of the year — has said he wouldn’t take complete control of the Houston-based oil company.
OxyChem manufactures water treatment, health care and other commercial chemicals. Occidental said it will use $6.5 billion of the proceeds to pay down debt.
Occidental CEO Vicki Hollub said the debt reduction resulting from the deal will enable her company to restart buying back stock.
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Guess I missed the boat!
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These stocks are only worth around 10 Bil right now, which is still quite small. Look at what some of these AI stocks are valued at and you'll see that they have a lot of time to run and will probably be valued at 10x their current value in the next 5-10 years.
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You did. I’m not surprised they bounced back from that springtime slump, but maybe I was wrong about their longevity to. I still don’t think they’ll dominate the EV sector for much longer though
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It’s not just EVs that’s what’s interesting. It’s energy as a whole. Their storage deployments are way up.
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I have a position in Infleqtion already through CCCX. I really think that the new public company is going to bring a lot of value to investors.
https://finance.yahoo.com/news/infleqtion-public-1-8bn-spac-112548182.html
"The firm’s systems are already operational within organisations such as Nvidia, the US Department of Defense, NASA, and the UK government."
CCCX chairman and CEO Michael Klein said: “Infleqtion stands out with its breakthrough neutral atom platform and proven engineering capabilities, already delivering meaningful impact in quantum computing and sensing.”
They use atoms trapped by lasers to serve as qubits:
Infleqtion’s core quantum computing architecture, which uses neutral atoms (like cesium or rubidium) trapped by lasers to serve as qubits. This platform is considered a breakthrough because:
- It allows for high scalability—Infleqtion has demonstrated systems with 1,600 physical qubits. [Infleqtion...tal Corp X]
- It achieves high fidelity—entangling gate fidelities of 99.73%, which is crucial for reliable quantum operations. [Infleqtion...tal Corp X]
- It supports flexible qubit arrangements, enabling advanced quantum algorithms and error correction.
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Exited CLSK
+7% the next day
+7% the next day
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I asked ChatGPT to analyze the popular Quantum Stocks:
RGTI is my largest position by far and the returns since April and May have been life changing. The risk/reward doesn't make sense for me anymore so I'm going to move on to different companies in the quantum sphere.
-----------------------------------------------------------------------------------------------------
Valuation Alignment
Risk / Reward Balance
| Company | Upside Potential | Downside Risk | Key Sensitivity |
|---|---|---|---|
| RGTI |  Moderate |  High | Revenue scaling + dilution |
| IONQ |  Strong |  Moderate | Execution speed + partnerships |
| QBTS | Moderate | Moderate | Customer retention + adoption |
| QUBT | Low | Very High | Tech validation + revenue proof |
| Infleqtion | High | Moderate | SPAC closure + contract conversion |
Summary
- Most over-valued vs fundamentals: RGTI, QUBT
- Most balanced risk/reward: Infleqtion, QBTS
- Most established: IONQ (but also highly priced)
- Most optionality (asymmetric upside): Infleqtion — priced for base case, but potentially 5–6× upside if it hits $400 M in revenue
RGTI is my largest position by far and the returns since April and May have been life changing. The risk/reward doesn't make sense for me anymore so I'm going to move on to different companies in the quantum sphere.
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They will
Try driving an EV by hyundai or gm, then try a tesla, they will dominate because they understand the concept of a software defined vehicle better than anyone, and contrary to the opinion that others are catching up, tesla is expanding its lead in tech everyday, these legacy automakers don’t know how to run software companies no matter how many engineers they throw at the issue.
