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Warren Buffett is no longer the CEO of his investment vehicle,Berkshire Hathaway(NYSE: BRKA)(NYSE: BRKB), but the celebrated investor is leaving a long shadow.
In fact, many of the company's stock positions in its equity portfolio were opened during his long tenure as its leader.
New(ish) CEO Greg Abel has already left his mark on the company as its chief, but the portfolio is still anchored byBuffett-era picks.
Of this clutch of stocks, five stand out as investments to own for a lifetime --American Express(NYSE: AXP),Alphabet(NASDAQ: GOOG)(NASDAQ: GOOGL),Apple(NASDAQ: AAPL),Coca-Cola(NYSE: KO), andMoody's(NYSE: MCO).
Will AI create the world's first trillionaire?Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need.Continue » Amex is one of Berkshire's earliest and most resounding successes.Buffett pounced on the credit card giant's shares in 1964, following a scandal that threatened the existence of the company and sent its stock down to bargain-basement levels.
As a company, Berkshire followed suit in 1991.
A buy-and-hold investor to his core, Buffett never let go.
To this day, Berkshire maintains a monster stake in the company, with 22% of its outstanding shares.
Berkshire wouldn't keep such a tight grip if Amex weren't a constant outperformer.
The company habitually posts top-line growth, accompanied by robust profitability that usually beats analyst estimates.
The company functions as both the issuer of its credit and the processor of transactions on its cards, positioning it to earn billions in fees and interest charges.
There aren't many financial stocks that do as consistently well as Amex, even through recessions and other trying economic times.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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