Warren Buffett Sells a Bank Stock and Buys a Restaurant Stock Up 4,230% in 15 Years
Warren Buffett has guided Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) to immense success during the past six decades, earning a reputation as one of the greatest investors in American history. Buffett made noteworthy capital allocation decisions in the first quarter involving Bank of America (NYSE: BAC) and Domino's Pizza (NASDAQ: DPZ):Importantly, Bank of America stock advanced 228% during the past 10 years, such that it underperformed the S&P 500 (SNPINDEX: ^GSPC) by 10 percentage points. But Domino's Pizza stock soared 346% over the same period. Even more impressive, Domino's shares soared 4,230% in the past 15 years.Read on to learn about these businesses.Continue reading
Warren Buffett has guided Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) to immense success during the past six decades, earning a reputation as one of the greatest investors in American history. Buffett made noteworthy capital allocation decisions in the first quarter involving Bank of America (NYSE: BAC) and Domino's Pizza (NASDAQ: DPZ):
Importantly, Bank of America stock advanced 228% during the past 10 years, such that it underperformed the S&P 500 (SNPINDEX: ^GSPC) by 10 percentage points. But Domino's Pizza stock soared 346% over the same period. Even more impressive, Domino's shares soared 4,230% in the past 15 years.
Read on to learn about these businesses.
