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warren buffett's enduring investment in american express amid market volatility
Warren Buffett's Berkshire Hathaway has maintained its investment in American Express for 27 years, despite selling significant shares of Apple and Bank of America. American Express, which charges nearly $700 annually for its Platinum Card, attracts high-income customers and has a strong brand presence, contributing to its resilience in economic downturns. While Berkshire's stock portfolio performed well in 2024, Buffett's recent moves suggest caution regarding market valuations.
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