Warren Buffett says he never tried to make money on the stock market. That might sound a little strange coming from the chairman and chief executive of Berkshire Hathaway (BRK.A) , who according to the Bloomberg Billionaire Index is the world's ninth richest man 💵💰Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💵 But we'll let the Oracle of Omaha explain what he means.

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Warren Buffett’s Berkshire Hathaway has spent another $54 million to purchase Sirius XM stock, giving it a stake of more than 35% in the satellite-radio company.