This exchange-traded fund can serve as a foundational investment in your portfolio.

There are plenty of big-name and successful investors on Wall Street, but you can make a legitimate argument that none have had the same impact as Warren Buffett . Since taking over Berkshire Hathaway in 1965, Buffett has turned the company into a trillion-dollar conglomerate that usually outperforms the market.

From 1965 through 2024, while Buffett has been at the helm of Berkshire, its stock has increased by over 5,500,000% (that's an annualized growth rate of 20%), while the S&P 500 ( ^GSPC 0.53% ) has increased by over 39,000% (an annualized growth rate of 10%). Calling that impressive would be an understatement.

Despite Buffett and Berkshire's fairly consistent ability to outperform the

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