Buffett Has Spent $67 Billion on These 3 Stocks Since 2016
Few investors have a more impressive track record than Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Between 1965 and 2019, he led Berkshire to an average annual gain of 20.3%, which more than doubles the 10% average annual return of the S&P 500, inclusive of dividends paid, over the same time frame. In aggregate, Buffett has overseen a greater than 2,700,000% gain in Berkshire Hathaway's stock in 55 years.
When Warren Buffett buys or sells a stock, Wall Street and retail investors pay close attention.
However, since completing the Precision Castparts acquisition in early 2016, the Oracle of Omaha hasn't been doing a lot of buying -- at least as evidenced by the company's growing cash pile. The company's third-quarter operating results showed $145.7 billion in cash and cash equivalents in Berkshire's coffers, which is a little over $1 billion below an all-time high.
Source Fool.com
