Published on 16 Feb 2023 on Insider Monkey via Yahoo Finance
In this article, we discuss 10 best long-term stocks to buy according to Warren Buffett. If you want to see more stocks in this selection, check out 5 Best Long-Term Stocks To Buy According To Warren Buffett.
Berkshire Hathaway’s Warren Buffett is known to shake markets with his investment moves. In Q4 2022, Warren Buffett significantly reduced his investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) only a few months after disclosing a substantial stake. This rapid turnaround by the famous stock picker has spooked investors, and sentiment towards the chip giant has dampened as a result. Berkshire Hathaway reduced its ownership of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)'s American depositary receipts by 86% in the fourth quarter, according to the latest filings. If Berkshire sold the shares at the average price during that time, the sale of the stake would have raked in $3.7 billion. In the wake of this announcement, the stock prices of the world's largest chip manufacturer declined by up to 4% in Taipei, contributing to widespread losses in the market.
Tony Huang, vice president at Taishin Securities Investment Advisory Co, told Bloomberg on February 15:
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