Warren Buffett is perhaps the biggest and most iconic name on Wall Street, and his high-return investment portfolio reflects his genius and financial acumen.
Here’s why he is widely revered as the best investor of the century:
- His equity portfolio has performed twice as well as the stock market and US mutual funds, according to a paper published by the National Bureau of Economic Research titled ‘Buffett’s Alpha’.
- Historically, his investments in publicly-traded stocks have done better than investments in private companies. This indicates that the success of Buffett’s investing strategy relies on smart stock allocation.