What Stocks Did Buffett Buy in the Third Quarter?
Wall Street follows few investors as closely as Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. A quick look at Buffett's long-term performance reveals why.
Since 1965, Berkshire Hathaway has averaged a compound annual return of 20.3%, which is more than double the total return, inclusive of dividends paid, of 10% for the benchmark S&P 500. In aggregate, a $100 investment in Buffett's company in 1965 would have been worth more than $2.7 million by the end of 2019. Buffett's ability to pick businesses with sustainable competitive advantages and his resolve to hold these companies for a long time have yielded success.
The $64,000 question is, "What have Buffett and his team been up to lately?"
Source Fool.com
