When Warren Buffett purchased a controlling stake in Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) and became its CEO in 1965, the company was valued at roughly $18 per share. If you owned $1,000 worth of Berkshire stock when Buffett took over and held on to your position, it would now be worth more than $30 million. Read on for a look at two Buffett-backed stocks that they believe are worth buying right now -- one that's only down slightly from its lifetime high and another that trades at a steep discount.
Warren Buffett is a legendary investor and one of the world's wealthiest people. While his start at a very early age helped him build a fortune, Buffett hasn't lost his investing touch. Had you invested $10,000 in Berkshire Hathaway in 2003, you would have more than $71,000 today to the S&P 500's $62,200.
A Berkshire Hathaway holding with a nearly 4% yield is being pared down. Meanwhile, the Oracle of Omaha is probably piling into his favorite stock over the past five years.