Warren Buffett: Patience as the Key to Success

Warren Buffett, CEO of Berkshire Hathaway for nearly 60 years, has managed to achieve remarkable returns. Berkshire's Class A shares reached a total return of nearly 5,500,000% based on the closing price on October 10. His company is also among the few that have reached the trillion-dollar mark. Buffett's secrets to success are actually not secret at all. Through letters to shareholders, annual meetings, and rare interviews, he regularly shares his investment strategies. A key component is his preference for dividend stocks, often considered stable, profitable, and high-growth. Over the past 50 years, dividend stocks have significantly outperformed non-payers: according to a report by Hartford Funds, dividend stocks achieved an annualized return of 9.17%, while non-payers reached only 4.27%. In the coming twelve months, Buffett plans to generate around $5 billion in dividend income for Berkshire Hathaway. Three core holdings in Buffett's portfolio have proven particularly profitable. One is Coca-Cola, owned by Berkshire since 1988. With a purchase price of $3.25 per share and a current dividend of $1.94, Berkshire achieves an impressive 60% return here. Another long-standing holding is American Express, part of the portfolio since 1991. With an entry price of $8.49 and an annual dividend of $2.80, the return is 33%. Finally, the rating company Moody's, in the portfolio since 2000, also contributes to the impressive returns. Here, a stock return of 34% ensures ringing cash registers. For investors who feel they have missed the boat, there are still opportunities. Analysts issue 'Double Down' recommendations for companies on the brink of strong growth.