5 "Buffett Stocks" Buffett Didn't Actually Buy

Warren Buffett may very well be the most successful investor alive today. As CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), Buffett has led his company to an annualized return of 20.3% over the past 55 years. For some context here, that's more than double the 10% compound annual return of the broad-based S&P 500, inclusive of dividends, over this same stretch. It's led to a greater than 2,700,000% aggregate outperformance of the benchmark index since the beginning of 1965.

Warren Buffett's knack for picking companies with sustainable competitive advantages and holding onto them for long periods of time is legendary.

But you might be surprised to learn that not all "Buffett stocks" -- a name often informally assigned to any company in Berkshire Hathaway's investment portfolio -- were actually bought by the Oracle of Omaha himself. In some instances, these purchases were the work of Buffett's investing lieutenants, Todd Combs or Ted Weschler.

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Source Fool.com