Meet the Artificial Intelligence (AI) Stock Warren Buffett Just Sold Completely -- I'm Not Surprised
Warren Buffett is the chairman and CEO of the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) investment company. Berkshire wholly owns several well-known businesses, including GEICO Insurance and Dairy Queen, but it also holds 47 publicly traded stocks and securities.
Under Buffett's 59-year tenure, Berkshire has delivered a compound annual return of 19.8% for its investors. To put it another way, an investment of $1,000 in Berkshire stock in 1965 would be worth a whopping $42.5 million today. The same investment in the S 500 would have grown to just $328,500.
The conglomerate's portfolio includes a host of high-quality stocks like Apple, Coca-Cola, and American Express, but in 2020, it acquired a small stake in cloud computing company Snowflake (NYSE: SNOW). In my opinion, Snowflake wasn't a good fit for Berkshire's portfolio, nor did it jibe with Buffett's time-tested investment strategy.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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