Warren Buffett Doubles Down on Sirius XM Amid Market Struggles – A Smart Bet or Risky Move?

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Berkshire Hathaway, led by Warren Buffett, recently increased its investment in Sirius XM, a satellite radio company facing subscriber losses and a declining stock price. This contradicts Buffett's usual investment strategy, as he is increasing his stake in a company performing poorly. The move is part of a broader portfolio adjustment by Berkshire, which also involved reducing holdings in some major companies and adding to others. This significant investment suggests Berkshire believes in Sirius XM's long-term potential, despite current challenges. The added shares bring Berkshire's ownership to 35.4% of Sirius XM.