5 Stocks Warren Buffett Is Betting Big on for 2023
If you've ever wondered why Wall Street pays so much attention to billionaire investor Warren Buffett, look no further than his track record as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Since becoming CEO in 1965, the Oracle of Omaha has nearly doubled the average annual total return of the broad-based S&P 500, including dividends (20.1% versus 10.5%).
This outperformance continued during the 2022 bear market. Despite a 19% decline in the S&P 500 last year, Berkshire Hathaway's stock gained 4%. In other words, it pays to know what Warren Buffett is buying and selling because he has a tendency to run circles around the broader market.
Thankfully, 13F filings with the Securities and Exchange Commission and Berkshire Hathaway's quarterly operating results give us a clear look at what's piquing the interest of Buffett and his investment team. As we barrel ahead into 2023, Warren Buffett is betting big on the following five stocks.
Source Fool.com
