The Only Warren Buffett Stock Worth Buying
Warren Buffett is well known for his investing savvy. He's a particular favorite among long-term buy-and-hold investors who appreciate great companies with stocks at good prices.
Yet as much as Buffett's favorite holding period is forever, the portfolio at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) that the Oracle of Omaha runs has seen a lot of turnover in 2020. Airline stocks got the boot early this year, as Buffett concluded that the coronavirus pandemic had fundamentally and permanently changed the dynamics for passenger carriers. Berkshire has also made big shifts in its bank stock holdings, selling off stakes in many Wall Street banks while building up its position in favored Bank of America.
Selling went well beyond what anyone expected. Buffett even jettisoned long-held Costco Wholesale and also dramatically reduced his somewhat surprising stake in mining giant Barrick Gold.
Source Fool.com
