Warren Buffett Has Backed This Investment for Decades, and History Keeps Proving Him Right
There's a reason Berkshire Hathaway stuck with this holding for nearly 40 years.
Overview
Warren Buffett is known to have said that his favorite holding period is "forever." Even so, you should know that Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) famous former CEO and chief stock picker has sold more of the conglomerate's equity holdings than he's held on to. But rightfully so. If a company changes in a way that makes it no longer worth owning, the smart move is to move on.
And that's what makes one particular Buffett pick even more special. It's not just one that Buffett stuck with while dozens of others came and went. It's now Berkshire's longest-held and third-biggest trade, with no exit of position on the horizon. It might be a good fit for your portfolio as well.
Details
That stock is Coca-Cola (NYSE: KO).
Source
Originally published at www.fool.com.