5 Phenomenal Stocks in Warren Buffett's Secret Portfolio That Are Screaming Buys in 2023
Since becoming CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, Warren Buffett has put on a clinic for Wall Street. Despite navigating numerous stock market corrections, crashes, and bear markets, the Oracle of Omaha has led his company's Class A shares (BRK.A) to a cumulative return of more than 3,600,000% through the end of 2021.
Riding Warren Buffett's coattails has been highly profitable for decades, and is relatively easy to do thanks to the required 13F filings from Berkshire Hathaway each quarter. But these 13F filings fail to tell the complete story.
In 1998, Berkshire Hathaway acquired reinsurance company General Re for $22 billion. However, General Re also owned a specialty investment company, New England Asset Management (NEAM). When Berkshire Hathaway bought General Re, it became the owner of NEAM -- and thus was born Warren Buffett's "secret portfolio."
Source Fool.com
