Warren Buffett goes by many titles: the Oracle of Omaha, CEO of Berkshire Hathaway, a multimillionaire value investor, an incredible philanthropist. His successful career has been made up of hard work and intelligent decisions. Investors are constantly wondering, “What’s the secret to his success?”
Buffett earned his keep by taking up large positions in companies that are well established and stable—but undervalued. It’s a strategy that he’s used for years, and it’s still doing him justice today. As of the end of September, Berkshire Hathaway found the most monetary value in these stocks:
- Wells Fargo (463.1 million shares ~ $19.1 billion)
- Coca Cola (400 million shares ~ $15.2 billion)
- IBM (68.1 million shares ~ $12.6 billion)
- American Express (151.6 million shares ~ $11.4 billion)
- Procter & Gamble (52.8 million shares ~ $4 billion)
- Wal-Mart (49.2 million shares ~ 3.6 billion)
- Exxon Mobil (40.1 million shares ~ $3.4 billion)
- U.S. Bancorp (79.1 million shares ~ $2.9 billion)
- DIRECTV (36.5 million shares ~ $2.2 billion)
- Goldman Sachs (13 million shares ~ $2.1 billion)
And for investors watching Berkshire Hathaway’s and Warren Buffet’s every move, the company increased its stake in Suncor Energy and Verisign last quarter—indicating that we may very well see some positive movement there.
Don’t forget to check out Warren Buffet’s profile on Business Bigwigs to find out more about his incredibly successful career and the journey it took to get him where he is today.