Warren Buffett Didn't Buy-and-Hold These 3 Stocks, and It's Cost Him More Than $12 Billion
Warren Buffett is arguably the greatest investor of our generation. Since the 1950s, Buffett has managed to turn less than $10,000 into nearly $74 billion. In fact, he'd probably be worth $100 billion, if not more, had he not been so philanthropic over the past decade and given away $27.5 billion of his wealth to various charities.
What makes Buffett's investment strategy so unique is that it's really simple: buy great companies that have clear competitive advantages, and hold them for a very long period of time. For instance, Buffett's Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) has been holding shares of both Wells Fargo and Coca-Cola since the late 1980s. These are brands that have global appeal, and they can succeed regardless of who is running the company, which is how Buffett likes things.
Image source: The Motley Fool, Flickr.
Source: Fool.com
