The Only Bank Stock I'm Buying Is the 1 Warren Buffett Is Actively Selling
Since becoming CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, Warren Buffett has put on a master class for Wall Street. Over that time, Berkshire's Class A shares (BRK.A) have doubled the annualized total return of the broad-based S&P 500 (19.8% vs. 9.9%). Berkshire Hathaway's stock could nosedive 99% tomorrow and would still be easily outpacing the S&P 500 over a nearly six-decade stretch.
Time is a key reason Buffett has been so successful. By investing in profitable, dividend-paying companies and allowing time to be his ally, Buffett's company has been able to outperform.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com