Warren Buffett, the chairman and a prominent shareholder of the investment group Berkshire Hathaway (BRK.A, BRK.B), is known for his value-investing strategy. The institutional investor has recently surpassed the net worth of Meta Platforms Inc. (FB) founder Mark Zuckerberg.
Banks, energy firms, and other value stocks are performing well this year, which has benefited Buffett, as the Oracle of Omaha’s conglomerate is prone toward investing in such stocks. Over the past year, BRK.A gain of 34.7% has outpaced the broader SPDR S&P 500 ETF Trust (SPY) gains of 17% over the same period.
