Warren Buffett Has Owned These Stocks Longer Than 112 Million Americans Have Been Alive
Warren Buffett is an investing icon on Wall Street. Since taking the helm of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in the mid-1960s, he's led his company's stock to an annualized return of 20%. That nearly doubles up the total annual return, including dividends, for the S&P 500 of 10.2% since 1965. In aggregate, Buffett's company has outperformed the widely followed S&P 500 by almost 2,800,000% in 56 years.
What's interesting about Buffett's investing strategy is that he's keeping things simple. He's focusing his research on a handful of sectors, buying companies that he believes offer sustainable competitive advantages, and, most importantly, hanging onto those businesses for long periods of time and allowing compounding to work its magic. Approximately a fifth of the Oracle of Omaha's portfolio has been held for 15 or more years.
However, a trio of Buffett holdings really stand out for their tenure. After reviewing U.S. Census Bureau population estimates for December 2020, 112.3 million Americans weren't even alive the last time Berkshire Hathaway didn't own these three stocks.
Source Fool.com
