Has Warren Buffett Lost His Touch? 2 Berkshire Stocks to Sell Now
Warren Buffett is widely regarded as one of the best investors of all time, and it isn't hard to see why. His holding company Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has returned an average of 20.1% annually since 1965, almost double the S&P 500 average. But past performance doesn't necessarily reflect future performance, and some companies in Buffett's portfolio aren't pulling their weight.
Let's discuss why Sirius XM (NASDAQ: SIRI) and Kraft Heinz (NASDAQ: KHC) shouldn't be on your investment radar.
Sirius XM is a satellite radio company that became a practical monopoly after merging with its only rival in 2008. Berkshire owns the stock indirectly through its various stakes in Liberty Media, which controls 81% of its equity. But despite its high-profile backers, Sirius is performing poorly, with its shares down a whopping 37% in 2023 alone.
Source Fool.com
