Does Buffett have a 'surprise or two' left in him? Followers celebrate his latest $9.7B acquisition before he retires

Core Insights - Berkshire Hathaway, led by Warren Buffett, has acquired Occidental Petroleum's chemical business, OxyChem, for $9.7 billion in cash, aligning with Buffett's value investing principles [1] Group 1: Acquisition Details - The acquisition of OxyChem is seen as a strategic move that helps Occidental reduce its accumulated debt while providing Berkshire with a new business opportunity [2] - The deal exemplifies Buffett's investment strategy characterized by simplicity, durability, and mutual benefit [2] Group 2: Leadership Transition - There is speculation about whether this acquisition is Buffett's last deal before transitioning control to his successor, Greg Abel, at the end of the year [3][4] - Despite the leadership change, Buffett will remain as chairman of the board, indicating he will still be involved in strategic decisions [4] Group 3: Future Outlook - Analysts suggest that even with Abel taking over, Buffett's expertise in capital allocation will continue to be valuable for the company [5] - The press release regarding the acquisition was issued by Abel, highlighting the potential for this to be Buffett's final major deal [5]