2 Top Buffett Stocks to Buy and Hold for the Long Haul
When Warren Buffett took over as Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) CEO in 1965, Lyndon Johnson was the U.S. president and The Sound of Music had just been released two months prior. The company was valued at just $19 per share when Buffett purchased a controlling stake in the textile producer that would be the foundation and namesake for what would go on to become a legendary investing conglomerate. Today, the company's class A shares trade at roughly $439,400 apiece -- good for growth of more than 2,310,000%.
Image source: The Motley Fool.
Buffett's incredible financial acumen and prescience have earned him the nickname "the Oracle of Omaha," and it's little wonder that people around the globe look to the famous investor for stock picking and money management advice. With the Oracle's incredible track record in mind, read on for a look at two Buffett-backed stocks that are worth buying and holding for the long term.
Source Fool.com
