Warren Buffett Has Bought $78 Billion Worth of His Favorite Stock in 7 Years -- but He Currently Prefers Shares of This Legal Monopoly Instead

Wall Street is a stomping ground for wealth creation, and few investors know this better than Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) billionaire CEO Warren Buffett.Six decades ago, the aptly dubbed Oracle of Omaha took the lead role at Berkshire. Under his watch, Berkshire's Class A shares (BRK.A) have rallied nearly 5,940,000%, as of midday trading on Sept. 15. For the sake of comparison, the benchmark S&P 500 has risen by approximately 44,000%, including dividends, over the same 60-year stretch.Buffett's knack for finding value hiding in plain sight has earned him a huge following -- in case the 40,000-plus people flocking to Omaha annually for Berkshire Hathaway's shareholder meeting didn't give it away. Some investors even choose to mirror his buying and selling activity.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool