Warren Buffett Is Sending Mixed Signals About the Stock Market

There's no question that Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has earned his place among the greatest investors of all time. Over the past 65 years, the Oracle of Omaha, as he's come to be known, has grown his net worth from about $10,000 to north of $88 billion. Mind you, this figure doesn't include the tens of billions he's generously donated to charity over the years.

Buffett has also helped create more than $400 billion in value for his shareholders. Berkshire Hathaway has acquired more than five dozen companies with Buffett at the helm, and it currently sports an investment portfolio of 48 securities that's worth $247 billion as of this past weekend.

Buffett's investment strategy has proved simple, yet effective. He looks for time-tested and trusted businesses that offer competitive advantages, then buys them and holds on for very long periods of time. You could certainly say that his optimistic views on the U.S. and global economy have only furthered this buy-and-hold philosophy.

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Source Fool.com