This Warren Buffett Stock Is a No-Brainer Buy
KOCoca-Cola(KO) fool.com·2024-05-21 18:50

How many brands can compare to Coke? Warren Buffett, often referred to as the "Oracle of Omaha," has a knack for backing companies that stand the test of time. Take American Express, for instance. His firm, Berkshire Hathaway, first invested 300millioninthecompanyinAugustof1991.Overthenextfouryears,Buffettcontinuedtopurchaseshares,raisingthetotalinvestmentto300 million in the company in August of 1991. Over the next four years, Buffett continued to purchase shares, raising the total investment to 1.3 billion by 1995. Today, the stake is worth more than $36.5 billion, paying a yearly dividend worth more than that initial ...