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,

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.

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

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.

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.

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