13 Best Long-Term Stocks to Invest in According to Warren Buffett

Page 10 of 11

2. American Express Company (NYSE:AXP)

Berkshire Hathaway’s Investment Stake: $48,360,781,086

Berkshire Hathaway’s First Major Purchase: Q4 2010

Number of Hedge Fund Holders: 70

American Express Company (NYSE:AXP) is one of the best long-term stocks to invest in according to Warren Buffett. On August 20, the company became the official payments partner of Hard Rock Stadium, the Miami Dolphins, and the Formula 1 Crypto.com Miami Grand Prix through a multi-year agreement.

As per the deal, eligible American Express cardholders will enjoy several exclusive perks and access at Hard Rock Stadium. Hard Rock Stadium will become part of the American Express Venue Collection network. All cardholders will have access to a dedicated Card Member entrance, and eligible card members can enroll for an exclusive concession offer. The Platinum Card Members will have access to an exclusive lounge within Hard Rock Stadium. Finally, all cardholders will have access to “Amex Presale Tickets” for Hard Rock Stadium events, including Miami Dolphins regular-season games and the Formula 1 Miami Grand Prix.

The partnership complements American Express’s global sports and entertainment portfolio, which includes involvement in over 20 Formula 1 races worldwide and sponsorships across various sports, including theater, basketball, music, tennis, and golf.

American Express Company (NYSE:AXP) is a financial services company. It provides charge and credit card products, travel services, and expense management solutions to consumers and businesses worldwide. The company also offers merchant acquisition, payment processing, and loyalty programs.

Page 10 of 11