AI plays a bigger role in the $302 billion portfolio the Oracle of Omaha oversees at Berkshire Hathaway than you might realize.
For six decades, billionaire Warren Buffett has been dazzling Wall Street with his investing prowess. Though his company, Berkshire Hathaway ( BRK.A 0.02% ) ( BRK.B -0.09% ) , hasn't outperformed the benchmark S&P 500 every year since 1965, he's nearly doubled the average annual total return of this broad-based index, including dividends, spanning 60 years.
For some investors, riding the Oracle of Omaha's coattails and mirroring his trading activity has been a pathway to long-term riches. Historically, this has meant buying time-tested businesses in the financial or consumer staples sectors.
But you might be surprised to learn that even 95-year-