6 Artificial Intelligence (AI) Stocks Inside Warren Buffett's $410 Billion Portfolio
Warren Buffett has managed the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) investment company since 1965. Over that 59-year stretch, he steered the conglomerate to average annual returns of 19.8%, which is nearly twice the average annual return delivered by the S 500 index over the same period.
In dollar terms, $1,000 invested in Berkshire stock in 1965 would have grown to $43 million by the end of 2023. The same investment in the S 500 would have been worth a mere $312,230.
Buffett likes to buy stock in companies with steady growth, consistent profitability, solid management teams, and shareholder-friendly initiatives like dividend schemes and stock buyback programs. One thing Buffett doesn't do is chase the latest stock market trend, so you won't find him piling into artificial intelligence (AI) stocks just because they are generating the best returns right now.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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