Artificial intelligence probably wasn't on Warren Buffett's mind when he bought some of these incredible stocks.

Warren Buffett is the CEO of the Berkshire Hathaway ( BRK.A 0.70% ) ( BRK.B 0.68% ) holding company, but he will relinquish the role at the end of this year. He will continue to serve as chairman of the board, so his brand of long-term value investing will endure, which is great news for shareholders.

Since Buffett took control of Berkshire in 1965, its stock has delivered a compound annual return of 19.9%. An investment of $1,000 back then would have been worth a staggering $44.7 million at the end of 2024. The same investment in the S&P 500 ( ^GSPC 0.01% ) would have grown to just $342,906 over the same period.

Berkshire owns a number of subsidiaries,

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