Warren Buffett Has Bought $78 Billion Worth of His Favorite Stock in 7 Years -- but He Currently Prefers Shares of This Legal Monopoly Instead
The Oracle of Omaha has gone cold turkey on his favorite stock for at least 13 months, but has built up a 37% stake in one of America's cheapest legal monopolies.Wall Street is a stomping ground for wealth creation, and few investors know this better than Berkshire Hathaway's (BRK.A -0.40%) (BRK.B -0.35%) billionaire CEO Warren Buffett.Six decades ago, the aptly dubbed Oracle of Omaha took the lead role at Berkshire. Under his watch, Berkshire's Class A shares (BRK.A) have rallied nearly 5,940,000%, as of m ...