If you are looking for good stocks to invest in, one strategy is to follow the "smart" money, which means looking at stocks that professional institutional investors such as hedge funds and asset managers are investing lots of money in. An even better strategy is to follow the institutional investors that have quite literally become billionaires due to their long and successful investing careers.

With markets experiencing lots of volatility, it's also a good idea to look at large, well-established companies in the Dow Jones Industrial Average that have the size and capacity to withstand recessions and difficult market conditions. Here are three Dow stocks that billionaire investors are buying hand over fist.

Warren Buffett and his company Berkshire Hathaway made a big bet on the large U.S. oil producer Chevron (NYSE: CVX), growing their stake from 38 million shares to 159 million shares in the first quarter of the year.

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Source Fool.com