Warren Buffett is considered by many to be the most successful investor in history. And his investment philosophy is no secret. He is the ultimate buy-and-hold investor; a strategy many on Wall Street have dismissed as out of date.
As a buy-and-hold investor, Buffett maintains that you shouldn’t buy a stock if you aren’t willing to own it for 10 years. It is a strategy that has made Warren Buffet and investors with Berkshire Hathaway Inc. extremely wealthy.
As president, chairman, and CEO, Warren Buffett has turned Berkshire Hathaway into the fifth largest public company in the world with a market cap of approximately $325 billion.
Since bottoming in early March 2009 (along with the broader markets), Berkshire Hathaway’s class A share price has soared 185%; slightly outpacing the S&P 500. On August 14, 2014, the company’s stock hit $200,000 per share for the first time.
As one of the richest and most respected businessmen in the world, the billionaire known as the “Oracle of Omaha” has been involved in some of the biggest, most profitable, investment plays in the world.
Berkshire Hathaway wholly owns GEICO, Benjamin Moore & Co., Jordan’s Furniture, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, and NetJets. The company also owns half of Heinz and an undisclosed percentage of Mars, Inc. On top of that, Berkshire Hathaway has significant minority holdings in American Express, The Coca-Cola Company, Wells Fargo, and IBM.