Billionaire Warren Buffett Is Selling Shares of 3 Banking Giants and Has Plowed More Than $1.2 Billion Into the New Apple of His Eye
At his core, the Oracle of Omaha is an unwavering value investor.
There aren't too many investors on Wall Street who garner as much attention as Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett, and the reason why is simple: He outperforms. In the roughly 60 years the Oracle of Omaha has been CEO, he's led Berkshire Hathaway's Class A shares (BRK.A) to a cumulative return of 5,864,600%, as of the closing bell on Feb. 19.
Investors have also come to appreciate Buffett's candidness. His annual letter to shareholders and Berkshire's yearly meeting in Omaha provides a forum for Buffett to express his thoughts on the U.S. economy, stock market, and occasionally specific holdings in his company's investment portfolio.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
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