"Since taking control of Berkshire Hathaway in the mid-1960s, Buffett turned a struggling textile mill into a $1 trillion empire while delivering returns that left the broader market in the dust."
"Buffett's reasoning for avoiding technology stocks was simple: he preferred businesses he could easily understand and predict, such as Coca-Cola and American Express."
"Buffett's investment in Apple marked a significant shift, as he later called it 'probably the best business I know in the world,' with Apple representing roughly half of Berkshire's equity portfolio at one point."
"Berkshire's recent investment in Alphabet, with approximately 17.8 million shares worth about $4.3 billion, was one of its larger new investments in years, indicating a strong commitment to the tech sector."
Warren Buffett transformed Berkshire Hathaway from a struggling textile mill into a $1 trillion empire, achieving compounded annual gains of 19.8% from 1965 to 2025. In contrast, the S&P 500 delivered 10.4% annually. A $10,000 investment in Berkshire in 1965 would be worth about $600 million today, compared to $4.5 million for the S&P 500. Buffett's recent investments in technology, including a significant stake in Alphabet, reflect a shift in his strategy, which previously avoided tech stocks due to their complexity.
Read at 24/7 Wall St.
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