Buffett's Berkshire Hathaway Has Held These 2 Stocks For Decades

Buffett's Berkshire Hathaway Has Held These 2 Stocks For Decades

Perhaps the ultimate buy-and-hold investor, Warren Buffett has kept a small selection of stocks in his Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) for a long time. Make that a really long time, as some of his holdings stretch back decades, through market spikes and crashes, across economic booms and busts.

Of this group, two stocks stand out in particular. Warren has kept them in the Berkshire portfolio for more years than many of us have been alive. Here's a look at this pair of sturdy Buffett favorites, American Express (NYSE: AXP) and Coca-Cola (NYSE: KO).

Buffett's buy into AmEx occurred in the wake of the all-but-forgotten "salad oil scandal" of the early 1960s. The financial services company provided millions of dollars in loans to a New Jersey-based firm, collateralized by -- of all things -- the firm's supposedly robust supplies of salad oil.

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Source: Fool.com