Alex Crippen is senior coordinating producer at CNBC.com. He started with CNBC television in 1990. Crippen began his media career in affiliate TV and news radio. He holds a degree in economics from Wesleyan University.
Buffet's stake in Phillips 66 may not say anything about how investors should play energy, a Ram Partners general partner says.
Berkshire Hathaway disclosed a $4.48B stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell.
Perhaps the most interesting aspect of the holdings disclosed by Warren Buffett's Berkshire Hathaway is what wasn't revealed.
Standard & Poor's said it may downgrade Berkshire because it plans to spend a lot of cash to finance its $32 billion Precision Castparts purchase.