Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

2 Reasons General Motors Is a Warren Buffett Stock

TheMotleyFool

0 0

2 Reasons General Motors Is a Warren Buffett Stock: https://g.foolcdn.com/editorial/images/703293/gettyimages-1251218290-1_Yro6L6O.jpg

Warren Buffett is one of the most successful investors of all time. And when he bets on a company, it pays to find out why. As of June 2022, Buffett's holding company, Berkshire Hathaway, owns roughly 53 million shares in General Motors (NYSE: GM) -- a position worth $1.7 billion.

Let's discuss why General Motors fits the mold of a Berkshire Hathaway investment and why you may want to consider it for your portfolio as well.

Coined by Warren Buffett, the term economic moat refers to a company's ability to create and maintain a competitive advantage over rivals. While GM doesn't immediately seem to have any edge in developing EV's, it could be on the way to building one.

Source Fool.com

Like: 0

Share