Is Berkshire Hathaway the Long-Term Stock for You?
Warren Buffett has drawn all sorts of criticism over the last decade. Shares of his conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have trailed the S&P 500's return since the Great Recession of 2008-2009. While Buffett and company have been slow to adjust their investment strategy in a new digital era, the largest purchase the company has been making as of late is Berkshire Hathaway stock itself -- via a record $24.7 billion in share repurchases in 2020.
Given the Biden administration's focus on getting an infrastructure bill passed this year (the initial draft calls for $2.3 trillion in spending over the next decade or so), I think following Buffett's move and betting on Berkshire for the long term looks timely right now.
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Source Fool.com
