Warren Buffett's New Moves
Warren Buffett is widely regarded as one of the most successful investors in the world. He is the chairman and CEO of Berkshire Hathaway (BRK.A), which averaged an annual growth in book value of about 20% to its shareholders for the last 44 years. Ordinary investors follow Warren Buffett’s investments, so do seasoned professional money managers – they even invest their clients’ funds in Berkshire Hathaway stock. Berkshire Hathaway stock had a total return of 76% from 2000 to 2010 versus a negative 11.3% for S&P 500 (SPY). It still makes sense to imitate Buffett’s stock picks.
Berkshire Hathaway just released its third-quarter holdings. Let’s see the new moves of this company.
Berkshire Hathaway disclosed owning $10 billion in IBM stock at the end of September. It did not report holding any IBM shares last quarter. The IT company reported sales of $26.2 billion for the third quarter of 2011,Complete Story »