Warren Buffett Added $58 Billion to This Ultrasafe Investment Over the Past Year, and He Expects to Add Tens of Billions More by the End of 2024
Warren Buffett is considered one of the greatest investors of all time, and his track record supports that.
Since taking control of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, he's managed to increase the value of the business by 4,974,948%. That's a practically incomprehensible number, so I'll put it a different way: If you invested in Berkshire Hathaway when Buffett took over, you'd have more than 138 times the wealth you'd have if you'd just bought and held the S 500.
Buffett took Berkshire Hathaway from a struggling textile business and turned it into a conglomerate with a huge insurance business and equity portfolio at its center. Investors watch Berkshire's equity portfolio changes closely to try to glean ideas from the Oracle of Omaha. But Buffett's been selling a lot more stocks than he's been buying lately.
Source Fool.com