Though he may not currently hold the title as the wealthiest man in the world, Warren Buffett is arguably the greatest investor on the planet. Having begun with less than $10,000 in the 1950s, Buffett and his company Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B) have created billions upon billions in wealth. According to Forbes, Buffett’s net worth as of Feb. 25 was more than $86 billion.
Buffett’s investment strategy has been pretty simple throughout the years. He looks for solid business models that could succeed regardless of how competent the management team is, and he holds those businesses for a very long time, taking advantage of the natural appreciation in value of high-quality companies. In fact, Berkshire Hathaway, which already holds dozens of companies in its portfolio and has purchased more than five dozen over the years, has $116 billion in its coffers ready to be deployed when