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 Berkshirea��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 cana��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. A�So why wouldna��t Buffett continue to dance with the one who got him here?
Ita��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 Berkshirea��s $1 billion worth of Apple shares have fallen to about $888 million since the end of the first quarter.
How to Capture Buffett-Like Returns and More.
While investing in companies like Apple may never be Buffetta��s cup of tea you cana��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 Buffetta��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. Belmontea��s Buffett and Beyond Dividend Growth and Income Portfolio is off to a great start beating the S&P 500 by more than 851%!A�A�
So if you like investing the Warren Buffett way congratulations!A� Youa��ve made a wise choice and are following one of the greatest investors of all time.
But if youa��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 ita��and how you can too.
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