Like Coca-Cola and American Express, Warren Buffett Sees Occidental Petroleum as a Potential "Forever" Holding

In 1988, Warren Buffett famously wrote to Berkshire Hathaway (BRK.A -2.16%) (BRK.B -1.94%) shareholders that "our favorite holding period is forever." That mantra is part of Buffett's long-term investment philosophy of investing in high-quality businesses run by strong management teams. While Buffett would love to hold all his stock forever, few stand the test of time. However, one stock Buffett sees as a potential forever holding is Occidental Petroleum (OXY 0.75%). Here's a look at what Buffett had to say ...