Billionaire Warren Buffett Sold $10.5 Billion of Bank of America Stock, but Has Spent Almost $78 Billion Piling Into Another Financial Colossus

For the better part of nearly six decades, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett has been handily outpacing Wall Street's benchmark index, the S&P 500. Whereas the S&P 500 has delivered a phenomenal total return, including dividends, of more than 38,000% since the mid-1960s, the aptly named "Oracle of Omaha" has overseen a return of greater than 5,500,000% in Berkshire's Class A shares (BRK.A) over the same timeline.Buffett's outstanding returns and investing prowess are what have made him one of the most-followed money managers on Wall Street.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool