Half of Warren Buffett's $313 Billion Berkshire Hathaway Portfolio is Invested in This 1 Stock. Here's Why He's Not Too Concerned About Concentration Risk.
As CEO of Berkshire Hathaway, Warren Buffett has one of the most impressive investing track records on Wall Street. Since taking over the top position at Berkshire in 1965 through 2022, he and his team have delivered a total return of 3,787,464%, crushing the S 500 index's total return of 24,708% -- and of course, those results will be still higher by this year's end.
One quality that makes Buffett a legend in the investing world is his ability to identify high-quality companies with strong competitive advantages that can thrive over long time horizons. When Berkshire finds such a company, it tends to hold on and not let go unless there's a solid reason to do so.
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Source Fool.com