Why Has Warren Buffett Invested 18% of His Portfolio in These 3 Beaten-Down Stocks?
Warren Buffett isn't all that different from any other investor in several key ways. Most importantly, he wants the stocks he buys to perform well. But as is the case for investors without multibillion-dollar fortunes as well, not every stock he buys always does precisely what he wants.
In fact, several of the Oracle of Omaha's biggest holdings aren't performing well these days. Why has Buffett invested over 18% of Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) in these three recently underperforming stocks?
The main U.S. stock market indexes are up so far in 2023, as is Berkshire Hathaway's share price. However, some of Buffett's favorite stocks are down.
Source Fool.com