65% of Warren Buffett's $374 Billion Portfolio Is Invested in Just 3 Stocks
If you've ever wondered why Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett garners so much attention from Wall Street and everyday investors, look no further than his track record.
Over the nearly six decades since the Oracle of Omaha became Berkshire's CEO, he's doubled the annualized total return, including dividends paid, of the benchmark S 500 (19.8% versus 9.9%, as of Dec. 31, 2022). In aggregate, the S&P 500 has a total return of close to 31,000% since the mid-1960s, as of the closing bell on Dec. 15. Meanwhile, Berkshire Hathaway's Class A shares (BRK.A) are higher by an aggregate of more than 4,400,000%! Outperformance of this magnitude is going to get a portfolio manager noticed.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com