Published on 14 Sep 2022 on Insider Monkey via Yahoo Finance
10 Tech Stocks to Buy According to Billionaire Warren Buffett
In this article, we will be taking a look at the 10 Tech Stocks to Buy According to Billionaire Warren Buffett. To skip our analysis of Warren Buffett’s profile, investment strategy, and 13F holdings, you can go directly to see the 5 Tech Stocks to Buy Now According to Billionaire Warren Buffett.
Known as the “Oracle of Omaha”, 92-year-old Warren Buffett is considered one of the most successful investors of all time with a personal net worth of $96.9 billion. Buffet runs Berkshire Hathaway Inc. (NYSE:BRK-B) which owns several businesses such as GEICO, Berkshire Hathaway Reinsurance Group, railroad businesses, Berkshire Hathaway Energy, and several other wholly owned or majority owned businesses. Apart from these companies, Berkshire Hathaway also maintains an extensive portfolio of marketable securities, mainly comprising investments in shares of publicly listed companies.
Buffet has one of the most successful investment track records with shares of his Berkshire Hathaway growing at a compounded Annual gain of 20.1% from 1965 to 2021, as compared to a measly 10.5% for the S&P 500. Buffet’s success is attributed to multiple factors, such as buying cyclical businesses, holding stocks for decades, and a portfolio ripe with dividend stocks.