2 Ways Buffett's Investing Strategy Has Changed Dramatically Since the Dot-Com Bubble
Warren Buffett, the CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), is widely regarded as one of the greatest investing minds of our time. Since the mid-1950s, Buffett has seen his net worth grow from about $10,000 to a cool $90 billion. Keep in mind that this figure fails to account for the tens of billions the Oracle of Omaha has generously given to charitable organizations through the years, which otherwise may have allowed him to make a run at Amazon.com CEO Jeff Bezos as the richest person in the world.
Buffett's investing prowess has persuaded a lot of investors to mirror his trades, or at the very least pay close attention to what he's been buying and selling in Berkshire Hathaway's portfolio. Yet what's most intriguing about Buffett's investing strategy is that it's relatively simple, and virtually anyone can mirror it. Rather than leaning on copious amounts of software and technical data, Buffett has instead chosen to focus his attention on a small number of sectors. He then looks for businesses that possess perceived-to-be long-term competitive advantages and buys them with the intent of holding for a very long period of time.
Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.
Source Fool.com
