Warren Buffett Sells Entire Stake in PetroChina
Oct 22nd, 2007 by Martin Lee
We know that Warren Buffett has been paring his stake in Petrochina. In an interview on Fox Business a few days ago, Warren revealed that Berkshire’s entire stake has been sold. The reason was selling was due to valuation and not over the company’s role in the Darfur. The investment bagged Berkshire a profit of $3.5 billion on an initial investment of $500 million. You can watch the entire 5-min interview here.