65% of Warren Buffett’s Portfolio Are These 3 Stocks

Elon Musk: THIS will be bigger than Tesla

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Hello. I'm James Altucher. I've been called a “genius investor” by my fans… And an “eccentric millionaire” by some others. I think it's because I make big predictions… That tend to come true. Today, I'm revealing a brand-new prediction: American manufacturing will leave China… And make a triumphant return to America… Thanks to AI-powered robots. The technology is being developed right now. I'm talking about, among others… Elon Musk's Optimus robots. These robots are autonomous workers… Embedded with a smart “AI brain”. Musk is going to use thousands of them in Tesla factories… AI robots will make it cheaper to manufacture goods here in America than China. And they'll create new American jobs in construction, maintenance, transportation, management, and more. Musk believes the potential of these robots is almost limitless… And could soon exceed Tesla's revenues… He's even said his robots have the potential to be used in homes… To make dinner and do housework… Care for the elderly… Or even hinted at them… Being a buddy or “romantic companion” for lonely people. Now that may sound strange… (And perhaps it is.) But I've learned not to bet against Musk's vision. And this is just one of the ways AI will transform our economy and society. In fact, I now predict… Next generation AI technology will open a “wealth window”… That could be the biggest wealth-building opportunity of your lifetime. I now expect AI to be the first $100 TRILLION industry. There could be trillions available to those who get in early… Today, for the first time… I'm showing good Americans exactly what to do… Go here now to see my plan… For investing in AI during this brief “wealth window”. P.S. If you missed out on crypto, this could be your second chance. The AI “wealth window” is opening now, but you must get in. Don't delay. See all the details you need here.


By The Motley Fool 

If you've ever wondered why Berkshire Hathaway (BRK.A 0.32%) (BRK.B 0.04%) CEO Warren Buffett garners so much attention from Wall Street and everyday investors, look no further than his track record.

Over the nearly six decades since the Oracle of Omaha became Berkshire's CEO, he's doubled the annualized total return, including dividends paid, of the benchmark S&P 500 (19.8% versus 9.9%, as of Dec. 31, 2022). In aggregate, the S&P 500 has a total return of close to 31,000% since the mid-1960s, as of the closing bell on Dec. 15. Meanwhile, Berkshire Hathaway's Class A shares (BRK.A) are higher by an aggregate of more than 4,400,000%! Outperformance of this magnitude is going to get a portfolio manager noticed.

Warren Buffett and his investment team have long believed in buying into profitable, time-tested, brand-name businesses with trusted management teams. But the not-so-subtle secret to Berkshire's sustained outperformance might just be portfolio concentration.

Both Warren Buffett and the late, great Charlie Munger, who served as the Oracle of Omaha's right-hand man for 45 years, have held the belief that extra capital should be allocated to top investment ideas. Despite holding stakes in more than 50 securities (including index funds), as of Dec. 15, Warren Buffett's $374 billion portfolio at Berkshire had 65% of its invested assets ($243 billion) tied up in just three stocks.

Apple: $180,887,264,672 (48.4% of invested assets)

To quote Charlie Munger:

The idea of excessive diversification is madness. Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results.

It's crystal clear by the nearly $181 billion of invested assets Berkshire has tied up in tech stock Apple (AAPL -0.21%) that Warren Buffett and his team view it as a truly exceptional business. Further, it's pretty clear evidence that portfolio concentration in top investment ideas is a given.

Apple's greatness can effectively be boiled down to its branding, innovation, and world-leading capital-return program.

Earlier this year, Interbrand's annual “Best Global Brands” report labeled Apple as the most-valuable brand for an 11th consecutive year. It's a well-recognized and trusted brand globally, and it has an exceptionally loyal customer base, which is likely to have been initially drawn in by one of its physical products (iPhone, Mac, or iPad). Interbrand also attributes the continued growth of Apple's brand value to having its proverbial fingers in multiple product and service channels.

This leads to the next point: Apple's innovation. Although it's been introducing new products for decades, the iPhone really put Apple on the map with consumers and growth-focused investors. Continued upgrades to iPhone have helped the largest company by market cap in the U.S. secure a majority share of smartphone sales domestically.

Moreover, CEO Tim Cook is overseeing the evolution of Apple into a platforms company. An emphasis on subscription services, while concurrently continuing to produce the physical products that endeared consumers to Apple in the first place, should enhance the value of its product and service ecosystem, improve its long-term operating margin, and minimize the revenue fluctuations that often accompany major iPhone upgrade cycles.

However, the factor Warren Buffett probably appreciates most about Apple is its unbeatable capital-return program. The company doles out $15 billion each year to its shareholders in dividends, and it's repurchased more than $600 billion worth of its common stock since the start of 2013.

Bank of America: $34,703,827,402 (9.3% of invested assets)

Although it's a distant second behind Apple, financial juggernaut Bank of America (BAC 0.95%) accounts for almost $35 billion of invested assets in the $374 billion portfolio the Oracle of Omaha oversees for Berkshire Hathaway.

There's arguably no sector Warren Buffett is more proficient in analyzing than financials. This is why you'll often find plenty of bank stocks, insurance companies, and credit-service providers in Berkshire's portfolio.

The reason Buffett gravitates to financial companies is that he understands the disproportionate nature of economic cycles. While recessions are perfectly normal, the 12 that have occurred in the U.S. following World War II have lasted between two and 18 months. By comparison, most periods of expansion endure multiple years, including two since World War II that lasted at least a decade. Buying cyclical financial stocks, like Bank of America, perfectly positions Buffett's company to take advantage of long-term economic growth.

But there's more to like about Bank of America than just macro factors. Among U.S. money-center banks, it's the most interest sensitive of the bunch. Every time the Federal Reserve raises interest rates, variable interest rates increase. Since March 2022, the federal funds rate has risen by 525 basis points, which represents the steepest rate-hiking cycle in four decades. Higher interest rates have ultimately lifted BofA's net-interest income by billions of dollars each quarter.

Furthermore, Bank of America has done a stand-up job of improving its operating efficiency. It's been investing in a variety of digitization initiatives that have steadily increased digital banking adoption rates. As more of its customers shift to online and mobile banking, BofA has had the option of consolidating some of its physical branches and reducing its operating expenses.

To keep with the theme, Bank of America has a pretty impressive capital-return program of its own. It's set to return nearly $7.6 billion to its shareholders via dividends over the next 12 months. Additionally, BofA's board regularly approves substantial buybacks when market conditions allow for it.

American Express: $27,367,247,457 (7.3% of invested assets)

The third stock that, collectively with Apple and Bank of America, accounts for 65% of the $374 billion portfolio Warren Buffett oversees at Berkshire Hathaway is credit-service provider American Express (AXP 0.36%).

AmEx, as American Express is commonly known, benefits from the same long-winded macro catalysts as Bank of America. Though there's no escaping spending declines and/or loan losses during economic slowdowns and recessions, the U.S. and global economy spend a disproportionate amount of their time growing. Buffett and Munger understood this, which is why Berkshire has been a continuous shareholder of American Express stock for more than three decades.

What makes American Express so special is the fact that it's playing both sides of the transaction aisle. On one hand, it's No. 3 in domestic credit card network purchase volume. Put another way, it's generating a healthy amount of fees from merchants while acting as a payment facilitator.

However, AmEx is also generating interest income and fees from its cardholders. During lengthy periods of economic expansion, when credit delinquency rates and charge-offs are low, American Express can really shine from an operating standpoint.

Something else that helps American Express thrive is its focus on higher-income individuals. The well-to-do are less likely to change their spending habits when minor economic disruptions occur or inflation picks up. This allows AmEx to move past challenging economic climates faster than other lending institutions.

Warren Buffett and his investing aides are likely also enamored with American Express's capital-return program. In March, the company's board approved a new share repurchase program for up to 120 million shares of common stock. Further, AmEx's $2.40-per-share base annual dividend works out to a 28.3% yield relative to Berkshire Hathaway's cost basis in its No. 3 holding.


AI “Wealth Window” Will Close Soon

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Hello. I'm James Altucher. I've been called a “genius investor” by my fans… And an “eccentric millionaire” by some others. I think it's because I make big predictions… That tend to come true. Today, I'm making my boldest prediction ever. Next-generation AI technology will create the first $100 TRILLION industry. And there could be trillions available to those investors who get in early. I put together this personal video [HERE]... Revealing the AI stocks I believe… Could turn as little as $10,000… Into $1 MILLION over the next few years. If you get in early, this one-time opportunity could… Potentially change your financial circumstances… For you, your family, and your heirs. Today, I want to show you how I believe… AI 2.0 will open a brief “wealth window”… That will slam shut soon. If you've missed out on new tech opportunities before…. I urge you, do not ignore this message. >>HERE is everything you need now<< P.S. To show you I'm serious about helping you get in on this opportunity, I'm giving away one of my top 5 AI 2.0 stock picks – free. See my top 5 pick here now.

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ELON’S FINAL MOVE​

Elon’s new AI venture promises to create 10 TIMES MORE American millionaires than Tesla did.
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The 3 Titans of AI

Get ready to join the AI revolution! The unstoppable rise of artificial intelligence AI is taking the world by storm, transforming industries and reshaping the future. Excitingly, numerous companies are diving headfirst into this cutting-edge technology, pouring massive investments into AI to revolutionize their products, slash costs, and gain an unbeatable edge over the competition.

But wait, there’s more! Through meticulous research and rigorous analysis, I’ve uncovered the crème de la crème of the AI world. These three mighty AI behemoths are the crown jewels of the market, primed to ride the surging tide of AI adoption across industries.

Imagine the thrill of being part of their phenomenal growth story! Brace yourself for the exciting journey ahead as you invest in these AI Titans—the vanguards of innovation, the masters of AI mastery. They are set to unlock unparalleled opportunities and immense value for savvy investors seeking long-term prosperity.



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The 3 Titans of AI

Get ready to join the AI revolution! The unstoppable rise of artificial intelligence AI is taking the world by storm, transforming industries and reshaping the future. Excitingly, numerous companies are diving headfirst into this cutting-edge technology, pouring massive investments into AI to revolutionize their products, slash costs, and gain an unbeatable edge over the competition.

But wait, there’s more! Through meticulous research and rigorous analysis, I’ve uncovered the crème de la crème of the AI world. These three mighty AI behemoths are the crown jewels of the market, primed to ride the surging tide of AI adoption across industries.

Imagine the thrill of being part of their phenomenal growth story! Brace yourself for the exciting journey ahead as you invest in these AI Titans—the vanguards of innovation, the masters of AI mastery. They are set to unlock unparalleled opportunities and immense value for savvy investors seeking long-term prosperity.



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Bill Gates is all about this tiny $2 stock

According to Bill Gates… This company is working on a unique technological innovation that is going to change the world as we know it.

Powerful companies like Microsoft, Intel, and Google are all quietly racing to be at the forefront of this new phenomenon…

But it’s this tiny company who holds the keys to what could be a $7 Trillion Revolution…

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Free Access to Chaikin Analytics

Marc Chaikin has developed a system  over the past 50 years…

A website that shows you which stocks could soon rise by 100% or more, by typing in any of 4,000 tickers.

Today, he’s allowing me to offer you free access to the system here, as part of a major new prediction he’s making.

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Amazon Price Prediction

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Apple Price Prediction

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Nvidia Price Prediction

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How to Collect "Amazon Royalty" Payouts Before the Deadline

Thanks to a little-known IRS loophole, regular Americans can collect up to $28,544 (or more) in payouts from what is called “Amazon’s secret royalty program”…
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New "Forever Battery" making gas cars obsolete​

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New EV Set to Disrupt Entire Industry

The Wall Street Journal calls it “an American manufacturing triumph.” – Will this disrupt the entire $1.3 trillion EV boom?


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Tiny TSLA Supplier To Soar

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Own This Texas Oil Stock Today

Texas Oil Stock to Benefit from Surging Gas Prices. Reveal the ticker by signing up below and you’ll receive ongoing updates from Market Junkie.



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$3.73 EV Stock No One's Talking About

This company is a sneaky EV play that no one’s talking about.

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$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

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The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

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Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

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53-cent Biotech Stock with $2 Price Target

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only 53 cents.

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