In my article last week titled Buffett Buying More Apple Shares? I mentioned that it seemed out of character for Warren Buffett to be investing in a company like Apple, and that it had the look and feel of a purchase by his new stock picking team.
Well just this week Buffett confirmed in an email that he was not the one responsible for adding the $1 billion in Apple shares to Berkshireai??i??s portfolio but his new stock picking duo, former hedge-fund managers Tom Combs and Ted Weschler were actually the ones behind the purchase.
That probably comes as no surprise to Buffett fans. And you certainly canai??i??t blame him for sticking with what he does best.
Besides, his most well-known tech investment to date, IBM, has lost about 20% of its value the last five years while the market has risen about 69% during this time. Ai??So why wouldnai??i??t Buffett continue to dance with the one who got him here?
Itai??i??s early in the game but it looks like his new lieutenants are not doing much better in the tech arena. According to an article in the Wall St. Journal Berkshireai??i??s $1 billion worth of Apple shares have fallen to about $888 million since the end of the first quarter.
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How to Capture Buffett-Like Returns and More.
While investing in companies like Apple may never be Buffettai??i??s cup of tea you canai??i??t argue with his results.
From 1965 through the end of last year, Berkshire shares have risen 1,598,284%, compared to the 11,355% return on the S&P 500.
But over the last 13 years, there is one little-known investor who has done even better.
From 2003 through 2015 Dr. Joseph Belmonte, creator of our Buffett and Beyond Stocks Selection course has beaten Buffettai??i??s Berkshire Hathaway 329% to 169% WITHOUT trading or using risky strategies like options, leverage, penny stocks, or going short.
In fact, he owns many of the same global dominating brands that Buffett does, mostly S&P 500 household-name stocks, and simply rebalances the portfolio once at the end of each year.
In 2016 Dr. Belmonteai??i??s Buffett and Beyond Dividend Growth and Income Portfolio is off to a great start beating the S&P 500 by more than 851%!Ai??Ai??
So if you like investing the Warren Buffett way congratulations!Ai?? Youai??i??ve made a wise choice and are following one of the greatest investors of all time.
But if youai??i??d like to take what Buffett does to the next level, I encourage you to discover the little-known loophole used by Dr. Belmonte that has allowed him to beat Buffett at his own game since 2003.
Click here to see exactly how he does itai??i??and how you can too.
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