Warren Buffett took the helm of Berkshire Hathaway in 1965. Since then, the company has increased 43,000 times in value under his leadership, compounding twice as fast as the S 500. Today, Berkshire has a market capitalization of $800 billion, and its $360 billion stock portfolio factors heavily into that valuation.

Buffett reportedly manages about 90% of that portfolio, and the biggest positions are generally under his control. That includes Cola-Cola (NYSE: KO), a stock he started buying in 1988 at a split-adjusted price of $0.69 per share. Berkshire now has a $24 billion stake in the beverage company, meaning it accounts for 6.6% of its entire portfolio.

To add context, Berkshire only has three bigger positions: Apple at 47.1%, Bank of America at 9.5%, and American Express at 7.8%. Given that asset allocation, it's fair to assume Buffett has a great deal of conviction in Coca-Cola, so investors (especially income investors) would be wise to consider the stock.

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Source Fool.com