These 3 Stocks Are Warren Buffett's Biggest Winners
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owes much of its success to the prowess of its chief executive officer, Warren Buffett. With a long-term investing strategy that emphasizes finding top-quality companies and owning their shares as long as possible, Buffett has been able to put the power of time and compounding to work in building an immense fortune for his shareholders.
Every year, Buffett catalogs his investment prowess in his annual letter to investors. Even though the Berkshire CEO has branched out recently and added positions in new companies, it's interesting to see that the three stocks that have given him the biggest percentage gains tend to stay the same year after year. Here, we'll look at the top three performers in Berkshire's portfolio to try to discover the secret of their success.
American Express (NYSE: AXP) has a long history with Buffett, with his initial investment dating all the way back to the days of the Buffett Partnership in the 1960s. Berkshire's current position in the charge card company started in 1994, with a substantial purchase of nearly 10% of AmEx's outstanding shares. Over time, that stake has built up to nearly 19%, and an initial outlay of $1.29 billion is now worth almost $18.9 billion, for a gain of 1,367%.
Source Fool.com
