The Rundown Warren Buffett Makes Biggest Deal in 3 Years, Apple Shelves Vision Pro for Smart Glasses
22 snips
Oct 2, 2025 Stock markets surged despite a looming government shutdown, as historical trends suggest a strong Q4. Berkshire Hathaway made waves with its $9.7 billion purchase of OxyChem, reinforcing Buffett's strategy. Meanwhile, Apple shifts gears, reallocating Vision Pro engineers to develop smart glasses. Tesla impressed with 497,000 Q3 deliveries, fueling excitement for its stock performance. A surprising fact emerged: the U.S. now boasts more private equity firms than McDonald's! Tune in for these insights and more!
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Markets Shrug Off Government Shutdown
- Markets rallied despite a government shutdown, with the S&P and Nasdaq hitting record highs and big tech leading gains.
- Bitcoin and Ethereum also climbed ~10% in a week, showing cross-asset resilience amid political noise.
Buffett Bets On Boring Cash Flows
- Berkshire Hathaway bought OxyChem for $9.7 billion, shifting cash into a stable, cash-generating chemical business.
- The deal helps Occidental pay down debt while deploying Berkshire's record $344 billion cash pile into predictable industrial cash flows.
A Classic Buffett Finale Possible
- Warren Buffett may be wrapping up his M&A streak as he steps down as CEO at year-end, making this possibly his last big deal.
- The purchase fits Buffett's conservative playbook: buy stable businesses rather than chase trendy tech spending.