Got $1,000? 5 Buffett Stocks to Buy and Hold Forever
Since Warren Buffett purchased a controlling stake in Berkshire Hathaway in 1965 and made it the foundation for his investing empire, the stock has seen staggering gains of more than 2,677,400%. That means that you'd now be sitting on a position valued above $26.7 million if you were fortunate enough to own a $1,000 position stake in the company all those years ago and held on to it through the decades.
While Berkshire's market capitalization of roughly $703 billion and status as the world's sixth largest publicly traded company means that its most explosive growth is almost surely in the past, the Oracle of Omaha's company remains one of the best-run investment conglomerates on the planet, and it's absolutely trounced the S&P 500 index across the past year of trading. With that in mind, read on for a look at five Buffett-backed stocks that have what it takes to deliver long-term wins for your portfolio.
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Source Fool.com
