Warren Buffett Nearly Made His Biggest Investment Since 2022. Here's What's Holding Him Back.
Buffett said Berkshire came close to spending $10 billion, and he'd happily spend $100 billion.
Warren Buffett has overseen the investment portfolio at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) for 60 years. In that time, he's produced mind-boggling returns for shareholders.
Since Buffett took over the company in 1965, Berkshire shares have returned an average of 20% per year. Over the course of 60 years, that adds up to a whopping 6,135,058%. Even if you had waited until the end of the trading session when Berkshire announced Buffett's takeover and bought a single $18 share, it'd be worth over $750,000 as of this writing.
That's why the investing world pays close attention to the moves Buffett and his team of investment managers make in Berkshire's portfolio. Unfortunately, the Oracle of Omaha has been selling much more than he's bought over the last two and a half years. The last big investment he made was in Alleghany Corp. in 2022, which Berkshire acquired for a value of $11.6 billion.
