Warren Buffett and his company, Berkshire Hathaway, disclosed what stocks they held at the end of the fourth quarter of 2024 in the company's 13F filing. In 2024, Berkshire sold many more stocks than it purchased,

"Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree," Buffett said.

The S&P 500 has soared in the double digits over the past two years as investors have piled into growth stocks and bet on their successes in a lower interest rate environment. Growth companies generally outperform when they can more easily borrow to develop and expand,