The best and worst investments of Warren Buffett in his 60th anniversary as CEO of Berkshire Hathaway

Omaha, Neb. (AP) – Multimiled investor Warren Buffett said on Saturday that he He wants to leave As CEO of Berkshire Hathaway by the end of the year. The revelation It was a surprise Because the 94-year-old had previously said that he did not plan to retire.

Buffett, one of the Richest people in the world And most of the investors made, they took control of Berkshire Hathaway in 1965 when he was a textile manufacturer. It turned the company into a conglomerate to find other companies and shares to buy that came for less than they were worth.

Its success turned it into a Wall Street icon. He also earned him the nickname “Oracle de Omaha”, a reference in the city of Nebraska, where Buffett was born and chose to live and work.

Here are some of their best and worst investments over the years:

The best of buffett

– National compensation and marine and marine fires: bought in 1967, the company was one of the first insurance investments in Buffett. Insurance Float – Premium money insurers can invest in the moment the policies are bought and when claims are made, it provided capital for many of the Berkshire investments over the years and helped to promote the growth of the company. The Berkshire Insurance Division has grown to include Geico, General Reinsurance and several other insurers. The float amounted to $ 173 million at the end of the first quarter.

– Buy shares blocks at American Express, Coca-Cola Co. and Bank of America at times when companies were out of favor because of scandals or market conditions. Collectively, the shares are worth more than $ 100 billion more than what Buffett paid for them, and this does not have all the dividends he has collected over the years.

-Apple: Buffett Long said he did not understand technology companies enough to evaluate them and choose the winners in the long term but started buying Apple shares In 2016 he explained after he bought more than $ 31 million because he understood the iPhone manufacturer as a consumer product company with extremely faithful customers. The value of its investment grew up to more than $ 174 million before Buffett started selling Berkshire Hathaway shares.

– BYD: For the advice of her latest investor partner Charlie Munger, Buffett opted for the genius of the founder Byd Wang Chanfu in 2008 with an investment of $ 232 million in the Chinese electric vehicle Maker. The value of this participation increased to more than $ 9 billion before Buffett began to sell it. Berkshire’s remaining participation is still $ 1.8 billion.

– See’s Candy: Buffett repeatedly pointed out his 1972 purchase as a turning point for his career. Buffett said that Munger persuaded him to make sense to buy large companies at good prices as long as they had lasting competitive advantages. Previously, Buffett had invested mainly in companies of any quality as long as they sold less than they thought they were worthwhile. Berkshire paid $ 25 million per SEE and recorded $ 1.65 billion from the candy company until 2011. The amount continued to grow, but Buffett did not stand out.