Warren Buffett is currently the tenth-richest person in the world, according to the Bloomberg Billionaires Index. In June 2024, Buffett not only estimated his net worth at more than $127 billion, but also candidly mentioned that 99% of that total was invested in a single stock: Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B).

Buffett acquired an ownership stake in Berkshire about six decades ago, and his considerable investing prowess has molded the company into a diversified conglomerate worth $875 billion. Under his leadership, Berkshire shares compounded at 19.8% annually between 1965 and 2023, nearly doubling the annualized return in the S 500 (SNPINDEX: ^GSPC) over the same period.

Buffett is undoubtedly one of the greatest minds in American business, which makes his conviction in Berkshire all the more noteworthy. Here's what investors should know about this brilliant stock.

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Source Fool.com