This Artificial Intelligence (AI) Stock Isn't in Warren Buffett's Portfolio -- but It Follows His Rules
In May, Warren Buffett announced that he plans to step down from his role as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) at the end of 2025. It will cap off a spectacular run of success that dates back to 1965 -- though his journey isn't over completely, because he will continue to serve as chairman of Berkshire's board.Had you invested $1,000 in Berkshire stock when Buffett took the helm 60 years ago and held on for that entire time, you'd have been sitting on shares worth an eye-popping $44.7 million at the end of 2024. The same investment in the S&P 500 (SNPINDEX: ^GSPC) index would have grown to just $342,906 over the same period. Part of that growth came from the dozens of businesses that the conglomerate purchased in their entirety over the years, but the rest was driven by the incredible stock-picking of Buffett and his team.Buffett uses a simple strategy, and as a general rule, he tends to avoid buying shares of companies whose businesses he doesn't understand. As a result, he doesn't invest in technology stocks very often, and he certainly doesn't chase hot trends like artificial intelligence (AI).Continue reading
In May, Warren Buffett announced that he plans to step down from his role as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) at the end of 2025. It will cap off a spectacular run of success that dates back to 1965 -- though his journey isn't over completely, because he will continue to serve as chairman of Berkshire's board.
Had you invested $1,000 in Berkshire stock when Buffett took the helm 60 years ago and held on for that entire time, you'd have been sitting on shares worth an eye-popping $44.7 million at the end of 2024. The same investment in the S&P 500 (SNPINDEX: ^GSPC) index would have grown to just $342,906 over the same period. Part of that growth came from the dozens of businesses that the conglomerate purchased in their entirety over the years, but the rest was driven by the incredible stock-picking of Buffett and his team.
Buffett uses a simple strategy, and as a general rule, he tends to avoid buying shares of companies whose businesses he doesn't understand. As a result, he doesn't invest in technology stocks very often, and he certainly doesn't chase hot trends like artificial intelligence (AI).
