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Warren Buffett’s Top Investments, Strategies And Advice – Bankrate.com

Warren Buffett is arguably the greatest investor of all time and has compounded his money at such a high rate that he’s now the seventh richest person in the world with a net worth of nearly $100 billion, according to Bloomberg.</…….

Warren Buffett is arguably the greatest investor of all time and has compounded his money at such a high rate that he’s now the seventh richest person in the world with a net worth of nearly $100 billion, according to Bloomberg.

Buffett is unique among the world’s wealthy in that he amassed his fortune by investing and reinvesting his capital into a number of different businesses before ultimately taking control of Berkshire Hathaway, which serves as his primary investment vehicle today.

Thanks to his enormous success, integrity and willingness to speak publicly about his investment philosophy and other matters, Buffett’s fame has grown significantly over the years. Berkshire’s annual shareholder meeting was once held in a small cafeteria with just a dozen or so people in attendance, but today it attracts tens of thousands and is broadcast online.

Here’s what else you should know about Warren Buffett, his investment approach and a breakdown of his largest holdings right now.

Key facts about Warren Buffett

  • Buffett bought his first stock at age 11 after he said he’d read every book on investing in the Omaha library, some of them twice.
  • Buffett studied at the University of Pennsylvania, University of Nebraska and Columbia Business School. It was at Columbia where he met his mentor Benjamin Graham, who many consider the “father of value investing.”
  • Buffett ran an investment partnership from 1957-1969, generating annual returns of 23.8 percent after fees, according to Fortune magazine.
  • Buffett took control of Berkshire Hathaway on May 10, 1965 and the stock closed at $18 per share. It now trades at about $420,000 per Class A share.
  • Berkshire Hathaway’s insurance float has grown from $19 million in 1967 to $147 billion in 2021, according to Buffett’s 2022 letter to Berkshire shareholders.
  • Buffett purchased a $1.3 billion stake in Coca-Cola in the late 1980s because of its strong brand and global growth prospects. The stake is now worth about $25 billion.
  • Buffett is famous for his unhealthy diet, often consuming several Cherry Cokes a day and preferring steak or hamburgers with potatoes to any sort of vegetables.
  • In 2006, Buffett committed to giving away more than 99 percent of his wealth to charitable foundations, much of it to the Bill & Melinda Gates Foundation.
  • Since Buffett took control of Berkshire Hathaway in 1965, the stock has compounded at an annual rate of 20.1 percent through 2021, compared to 10.5 percent for the S&P 500, according to Buffett’s 2022 letter to shareholders.

Warren Buffett’s and Berkshire Hathaway’s top investments

Stock Shares owned …….

Source: https://www.bankrate.com/investing/warren-buffett-profile/

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