2 Warren Buffett Stocks You Can Buy and Hold for Decades

Core Insights - Warren Buffett, a legendary investor, has built Berkshire Hathaway into the sixth largest publicly traded company globally, with an equities portfolio exceeding $300 billion [1] Group 1: American Express - American Express (AXP) constitutes 12.1% of Berkshire's portfolio, valued at over $36.8 billion, and has more than doubled in value over the last five years [2][3] - The brand of American Express is associated with status and wealth, attracting high-income customers, which strengthens its market position [3] - Payments revenue accounts for over half of American Express's total revenue, making it a capital-efficient business with higher multiples compared to traditional credit card operations [4] Group 2: Bank of America - Bank of America (BAC) represents 11.2% of Berkshire's portfolio, with a significant investment history dating back to 2007 and a notable capital injection of $5 billion in 2011 [5][6] - Recent selling of Bank of America shares by Buffett has resulted in nearly $7 billion in sales at an average price of $41.08, indicating a profitable investment since initial purchases were made in the $20s [7] - Bank of America has a strong consumer deposit base and has successfully built its investment banking and wealth management divisions, positioning itself well for future interest rate changes [8]