Warren Buffett Makes All His Money From Just 11 Stocks
Warren Buffett is outperforming most S&P 500 investors this year largely because a small number of big winners in [[Berkshire Hathaway]]'s portfolio offset losses across many holdings. An Investor's Business Daily analysis shows only 11 of the 50 U.S.-listed stocks in the portfolio are up year-to-date, but those winners — led by energy giants [[Occidental Petroleum]] (up ~143%) and [[Chevron]] (up ~56%) — powered Berkshire to a modest gain while the S&P 500 fell. Other contributors include healthcare distributor [[McKesson]] and carrier [[T-Mobile]], and familiar holdings such as [[Coca-Cola]], though large stakes in [[Apple]] and [[Bank of America]] weighed on performance. The article notes that concentrated, long-term compounding of winners helps explain Buffett’s wealth, even in a rough market year.