Warren Buffett Doubles His Money on This Stock Every 2 Years
Warren Buffett is arguably the greatest investment mind of our time. As CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), Buffett has seen his net worth skyrocket to $81 billion, as of this past Tuesday, March 3. He's also created more than $400 billion in market value for Berkshire Hathaway's shareholders over many decades.
What's so impressive about Buffett's investing strategy is that he's doing something any investor on the planet could do. Namely, he's taking the time to research sectors and industries he cares about, and buying into businesses with perceived competitive advantages. Most important to Buffett's investment formula, once he makes an investment, he holds for a very long period of time, thereby allowing a company's competitive advantages to shine.
Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.
Source Fool.com
