Warren Buffett Has Put Almost $78 Billion to Work in His Favorite Stock Over 7 Years, and It Recently Fell 10% -- Is the Oracle of Omaha a Buyer?
The stock Berkshire Hathaway's billionaire CEO holds nearest and dearest to his heart has declined by 10% since early May.
Wall Street is full of successful money managers -- but few if any can command the attention of professional and everyday investors quite like Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett.
The Oracle of Omaha's track record does the talking and explains why investors wait on the edge of their seats each quarter for the release of Berkshire's Form 13F, which allows investors to see which stocks he's been buying and selling. In the six decades Buffett has held the reins as CEO, Berkshire's Class A shares (BRK.A) have climbed by more than 6,000,000%! Comparatively, the benchmark S&P 500 has roared higher by around 41,000%, with the aid of dividends, since the mid-1960s.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
