3 Stocks Buffett Has Owned for at Least 25 Years
If there's one thing Warren Buffett is undeniably good at, it's making himself and investors a lot of money. In roughly 65 years, Buffett's net worth has climbed from $10,000 to north of $82 billion, all while shareholders of his conglomerate, Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) have seen more than $400 billion in created wealth over many decades.
The "secret" to Buffett's success really isn't a secret at all. The Oracle of Omaha, as he's affably known, has plainly professed his strategy for decades, which is to focus his research on a handful of industries and sectors, buy businesses that are well run and have clear-cut competitive advantages, and then allow time to work its magic. It's this long-term view that allows compounding to work its magic that's, arguably, played the biggest role in his and Berkshire's long-term success.
Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.
Source Fool.com
