85% of Warren Buffett's Portfolio Is in These 3 Sectors

In terms of the world's greatest investors, Warren Buffett deserves to be in a class of his own. Since taking over as CEO of conglomerate Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, he's created over $500 billion in value for his company's shareholders and overseen an annual average return of 20% for Berkshire's stock. Taking into account the year-to-date gains for Berkshire's Class A shares (BRK.A), the Oracle of Omaha has delivered aggregate share price gains of almost 3,400,000%.

Despite these enormous returns, diversification has never been high on Buffett's list. In fact, Buffett once said, "Diversification is protection against ignorance. It makes very little sense for those who know what they're doing." By the look of Berkshire Hathaway's portfolio, Buffett and his team know what they're doing.

As of Sept. 16, Berkshire's $316.4 billion portfolio was concentrated in just three sectors, which made up approximately 85% of invested assets.

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Source Fool.com