Apple Is Nearly 50% of Warren Buffett's Portfolio -- but He's Spent Almost Twice as Much Buying Another Stock
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is an anomaly as an investor -- but in a good way. Since becoming CEO in 1965, he's vastly outpaced the benchmark S 500. On an annualized return basis, including dividends, Berkshire Hathaway's Class A shares (BRK.A) have doubled up the S 500 (19.8% vs. 9.9%) during Buffett's tenure.
While there's no shortage of money managers who can string together a couple of years of phenomenal returns, the Oracle of Omaha has been doing it for nearly six decades. It's why more than 30,000 people flock to Omaha, Nebraska each year to hear him and his right-hand man Charlie Munger speak at Berkshire's annual shareholder meeting. It's also why so many new and tenured investors mirror the buying and selling activity of Buffett.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com