2 Warren Buffett Stocks to Hold Forever
Warren Buffett, longtime CEO and chairperson of Berkshire Hathaway, has had a remarkable career spanning decades, earning a reputation as one of the most successful investors of all time. Utilizing his remarkable skill set, he transformed Berkshire Hathaway from a struggling textile company into a multinational holding company with a valuation of over $750 billion.
In his 1988 annual letter to shareholders, Buffett penned that when it comes to owning outstanding businesses with excellent management, "our favorite holding period is forever." Considering the enduring success and wisdom of Warren Buffett, here are two of his favorite stocks that are worth holding for the long term -- and potentially forever.
At a stake worth over $150 billion, Apple (NASDAQ: AAPL) represents nearly 50% of Berkshire's portfolio, making the tech company by far and away the largest position it holds. Interestingly enough, it wasn't Warren Buffett who initiated his company's position in the $3 trillion company back in 2016; rather, it was his two investing managers, Todd Combs and Ted Weschler.
Source Fool.com
