Warren Buffett Has Spent $118 Billion Buying These 3 Stocks Over the Past 6 Years
If you've ever wondered why everyone -- from professional money managers with decades of experience to novice investors -- pays close attention to what stocks billionaire Warren Buffett buys and sells, look no further than his track record.
Since taking the reins as Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO in 1965, the Oracle of Omaha, as he's come to be known, has overseen the creation of $615 billion in shareholder value and delivered an average annual return of 20.1% for his company's Class A shares (BRK.A). To put these gains into perspective, Berkshire Hathaway's shares could fall 99% tomorrow, yet would still be handily outperforming the benchmark S&P 500, inclusive of dividends paid, since the beginning of 1965.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com
