Buffett’s Only Two Rules for Investing
“Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1” — Warren Buffett

Dillard’s stock soars 46% after Warren Buffett’s deputy buys 6% stake.

Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) makes a value play- buys Dillard’s, Inc. NYSE:DDS department stores.

Dillard’s owned 244 out of its 285 locations in full as well as  owning the building on leased land for ten other properties with only 25 locations where it leases its stores. The company also owns all of its distribution centers as well as its corporate headquarters. Dillard’s continues to pay its $0.15 quarterly dividend,  that yields 1.43%.

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– Dillard’s (@Dillards) October 11, 2020

Warren Buffet’s Top Five Holdings

Coca-Cola: $20.2 billion  Coca-Cola (NYSE:KO)

American Express (NYSE:AXP) $16.1 billion  Express

Bank of America: $26.1 billion

Kraft Heinz (NASDAQ:KHC) $10.2 billion

Apple (NASDAQ:AAPL)  $115.4 billion