Fact checked by Stella Osoba Warren Buffett has increasingly argued in recent years that it's not just the ubiquitous sports betting apps that have made your phone a pocket casino. In his 2024 annual letter to shareholders,

The roughly $78 billion the Oracle of Omaha has spent buying this stock since mid-2018 decisively signals it's his favorite.

As of the third quarter of 2024, Berkshire owned 118,610,534 shares of Chevron, and the company’s annual dividend of $6.52 per share translates to a staggering $773.3 million in dividend income for Buffett’s firm this year.

The stock market is a mercurial beast. No matter how smart and prepared you are, you will still, at some point in your investing journey, find yourself totally gobsmacked by the goings-on of

Does Warren Buffett Know Something Wall Street Doesn't? He's Done This 1 Thing for the First Time in 30 Years, and It May Be a Warning for Investors.

Buffett invested in Heinz in 2013 and two years later, Heinz merged with Kraft Foods. He bought 326 million shares during this merger at a cost of around $24.6 billion. He has held on to that stake, which is now worth $11.4 billion.

Many experienced economists and investors today take inspiration from Warren Buffett’s strategies. His focus on value investing played a key role in building his fortune.

Warren Buffett has led investment management firm Berkshire Hathaway since 1965. Over the last several decades, Buffett and his close-knit team consistently outperformed the S&P 500 -- turning Berkshire Hathaway into one of the most successful portfolio management firms in history.

There's not a billionaire money manager on Wall Street who commands the attention of professional and retail investors quite like Warren Buffett. The reason is simple: he outperforms the broad-market S&P 500 (SNPINDEX: ^GSPC) by a substantial amount.

While it won't make you a billionaire overnight, following these 5 principles can lead to better long-term investments.