73% of Warren Buffett's Portfolio Is Invested in These 5 Stocks
You could say Warren Buffett knows a thing or two about investing. Since he took over as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, he's overseen the creation of more than $700 billion in value for shareholders (himself included), and delivered an aggregate return on the company's Class A shares (BRK.A) of 3,905,994% through May 3, 2022.
Although there are numerous reasons for the Oracle of Omaha's success over nearly six decades, his lack of diversification really stands out. Buffett firmly believes that diversification is only necessary if you don't know what you're doing. Despite Berkshire Hathaway holding around four-dozen securities in its investment portfolio, Buffett has nearly $263 billion -- 73% of Berkshire's almost $358 billion portfolio -- invested in just five stocks.
Berkshire Hathaway CEO, Warren Buffett. Image source: The Motley Fool.
Source Fool.com
