32.9% of Warren Buffett's $286 Billion Portfolio Is Invested in 3 Artificial Intelligence (AI) Stocks
On May 3, Warren Buffett announced he will step down from his role as the CEO of the Berkshire Hathaway holding company at the end of 2025. He has been in the job since 1965, and his incredible stock-picking ability contributed to a stupendous compound annual return of 19.9% for investors. In other words, an investment of $1,000 in Berkshire stock in 1965 would have been worth a whopping $44.7 million at the end of 2024. The same investment in the S&P 500 index would have grown to just $342,906 over the same period. Although Buffett is stepping down as CEO, he will remain Berkshire's chairman so he will still have some influence over the conglomerate's strategy. That means Buffett's brand of long-term investing, which focuses on companies with steady growth, reliable profitability, and strong management teams, is likely to endure.Continue reading
On May 3, Warren Buffett announced he will step down from his role as the CEO of the Berkshire Hathaway holding company at the end of 2025. He has been in the job since 1965, and his incredible stock-picking ability contributed to a stupendous compound annual return of 19.9% for investors.
In other words, an investment of $1,000 in Berkshire stock in 1965 would have been worth a whopping $44.7 million at the end of 2024. The same investment in the S&P 500 index would have grown to just $342,906 over the same period.
Although Buffett is stepping down as CEO, he will remain Berkshire's chairman so he will still have some influence over the conglomerate's strategy. That means Buffett's brand of long-term investing, which focuses on companies with steady growth, reliable profitability, and strong management teams, is likely to endure.
