3 Buffett Stocks That'll Make You Richer in August (and Beyond)
When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett speaks, Wall Street and investors listen intently. That's because the Oracle of Omaha's investing track record is virtually unparalleled.
Since taking the helm of Berkshire Hathaway in 1965, Buffett has led his company to an average annual return of 20%. That may not sound like much nominally, but it works out to an aggregate return of almost 3,400,000%, including the year-to-date gains for the Class A shares (BRK.A).
Buffett's overwhelming success is a function of a number of factors, including his willingness to buy and hold for long periods of time, and his recognition of businesses with sustainable competitive advantages. Keeping in mind that Berkshire Hathaway's portfolio is packed with cyclical businesses that are designed to outperform over the long run, the following three Buffett stocks stand out as having a good chance to make you richer in August, and (most importantly) well beyond.
Source Fool.com
