Warren Buffett Has Held This Stock for Over 34 Years — Why He Will Never Sell

Warren Buffett Has Held This Stock for Over 34 Years — Why He Will Never Sell

Warren Buffett — the Oracle of Omaha — is widely regarded as one of the greatest investors of all time.

Berkshire Hathaway Inc. (NYSE: BRK-A) has returned tens of thousands of percent over the years and consistently outperforms the market. Buffett purchased the company for just $8.3 million in 1965, and it’s now valued at nearly $700 billion, roughly a 10 million percent return. 

But one of Buffett’s top all-time picks and longest-held positions is one you might not expect. Berkshire Hathaway first started buying Coca-Cola Co. (NYSE: KO) stock in 1988 and continued accumulating shares since. Berkshire Hathaway now owns 400 million shares of Coca-Cola stock valued at a whopping $22 billion or about 8% of the company. 

In the 1988 time period that Buffett began purchasing the company, the stock was sitting at a few dollars per share, so Berkshire Hathaway is sitting on massive gains in the …

Full story available on Benzinga.com