Multi-billionaire investor Warren Buffett is known for acquiring large shares in potentially big businesses. Buffett’s multinational conglomerate Berkshire Hathaway is one of the biggest companies that actually buy into other companies. Businesses like Duracell, GEICO, and Pilot J Flying are all companies that are listed as subsidiaries under Buffett’s Berkshire Hathaway. Buffett is merely adding to his already colossal investment portfolio.
Towards the end of 2017, Buffett’s company Berkshire Hathaway has bought 31.2 million shares of the technology giant Apple, and have a total of 165.3 million shares worth close to 28 billion dollars.
Berkshire Hathaway has also added to their banking institution investment portfolio. Buffett’s company has acquired 2 million more shares in U.S. Bancorp, as well as 10.6 more shares in Bank Of New York Mellon. Berkshire has increased their investment in Monsanto and has accumulated 11.7 million shares and has a current stake of 31 percent.
Buffett has also decided to pursue pharmaceutical investments as he acquired 18.9 million shares of the pharmaceutical stock Teva Pharmaceuticals. Teva Pharmaceuticals’ stock rose eleven percent upon the announcement that Berkshire Hathaway had invested in the company. The Teva Pharmaceutical acquisition is reportedly worth 368 million dollars.
As evident above, Warren Buffett is such an influence when it comes to investing. The billionaire investor is not afraid to take gigantic risks when it comes to companies he believes in. Potential investors seek knowledge from Warren Buffett simply because of how he invests and the companies he invests in. Whether the stocks are in technology, pharmaceuticals, or financial institutions, Warren Buffett is the one to mimic when it comes to investing properly.