Will This Warren Buffett Stock Crush the Market in 2024?
Warren Buffett loves to invest in storied American brands. Many investors know of his market-crushing investments in Apple and Coca-Cola, which have generated tens of billions in returns for Berkshire Hathaway. But he has another less-covered investment through Berkshire that has generated even better returns than Coca-Cola.
American Express (NYSE: AXP), the credit card giant, has posted phenomenal returns since Buffett (through Berkshire) bought shares in 1991, and it is now one of the conglomerate's largest stock positions, worth over $20 billion. It has posted a total return of 6,400% since 1991, more than triple the returns of Coca-Cola over the same time period.
Despite some hiccups around 10 years ago, American Express has crushed the market for years. Will this trend continue in 2024? Let's take a look.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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