What’s an investor to do?
But back to what we do know: Does this mean you should immediately go out and buy all of the above-mentioned stocks?
In fact, some of my other fellow Fools long ago made the case not to blindly follow Buffett’s (and Berkshire’s) lead, but not because he isn’t a great investor — to the contrary, he’s arguably the best investor our world has ever seen.
Instead, we need to remember Berkshire Hathaway Inc. (NYSE:BRK.A) has an enormous capital base the likes of which retail investors like you and I will probably never enjoy. But as small investors, having less money is also one of our biggest advantages, especially considering this opens up quite literally thousands of possible investments Buffett and Berkshire could never consider.
In addition, we should also remember many (if not all) of the above purchases were likely made by Berkshire’s younger investment managers in Todd Combs and Ted Weschler, who have enjoyed steadily increasing responsibilities over the past few years, collectively handled nearly $10 billion of Berkshire Hathaway Inc. (NYSE:BRK.A)’s money by the end of 2012, and are widely expected to completely take over the portfolio by the time Buffett dies.
However, if there’s one thing we can be sure of, it’s that Berkshire Hathaway Inc. (NYSE:BRK.A)’s portfolio is comprised of solid, steady stocks which that been purchased with a long-term mind-set, so you can bet their chances of continuing to beat the market are great.
Fool contributor Steve Symington has no position in any stocks mentioned. The Motley Fool recommends Berkshire Hathaway Inc. (NYSE:BRK.A), General Motors Company (NYSE:GM), National-Oilwell Varco, Inc. (NYSE:NOV), and Wells Fargo & Co (NYSE:WFC). The Motley Fool owns shares of Berkshire Hathaway Inc. (NYSE:BRK.A), National-Oilwell Varco, Inc. (NYSE:NOV), and Wells Fargo & Co (NYSE:WFC).
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