Warren Buffett is a voice of stability and reason in a market that's often volatile and unreasonable. In the nearly 60 years he's headed Berkshire Hathaway, he's beaten the market by espousing steady and rational, if sometimes unconventional, investing strategies. Berkshire Hathaway has outperformed by a staggering margin: a 4,384,748% gain for Berkshire Hathaway versus 31,223% for the S 500 as of the end of 2023.

Buffett doles out his investing nuggets freely and has made no secret as to why he loves Coca-Cola (NYSE: KO) and American Express (NYSE: AXP). They're his longest-held stocks, and he's said, as recently as this year, that he'd never sell them. Both of these Buffett favorites just updated investors with important information. Here's what they said.

Investors were worried after PepsiCo gave a lukewarm earnings report a few weeks ago, but Coca-Cola's update was strong, and it once again demonstrated why it's a rock-solid consumer staples giant.

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Source Fool.com