3 Top Buffett Stocks to Buy and Hold for the Long Haul
Amazon, Visa, and Chubb are all great stocks to buy, hold, and forget.
Warren Buffett is one of the most closely followed investors in the world. Six decades ago, his fledgling fund acquired the struggling textile maker Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Buffett subsequently shut down Berkshire's textile business and transformed it into a diversified conglomerate with subsidiaries across the insurance, railroad, energy, and consumer staples sectors. Those subsidiaries generated plenty of cash for building Berkshire's investment portfolio.
Today, that portfolio is worth $276 billion and holds positions in 44 stocks. Many investors follow those stocks for investment ideas, but they're mostly conservative blue chips that won't skyrocket over the next few months.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
