However, these results are not a product of risky short-term bets — instead, Buffett employs a value investing approach, purchasing shares in companies that have proven management and long-term competitive advantages.
Since the beginning of the year, he has significantly reshuffled his portfolio — notably, Buffett has reduced his stake in Apple and Bank of America. In contrast, there are two stocks in which he is quite optimistic.
One of the most noteworthy investments by the billionaire in 2024 has been in Verisign (VRSN). From December 20 to 24, 2024, Buffett acquired shares of Verisign worth $28 million — by the end of the month, he purchased an additional $15.5 million in VRSN shares.