However, in the second quarter of 2023, Buffett and his team made some noteworthy moves in the stock market. His company, Berkshire Hathaway (BRK.B), owns a diversified portfolio of stocks, ranging from technology giants like Apple (AAPL) and Amazon (AMZN) to consumer staples like Coca-Cola (KO)  and Kraft Heinz (KHC). And while the year-to-date relative strength in many housing stocks is certainly compelling, the lingering risks associated with a hawkish Fed and an inflation-strapped consumer may still be too much for the average non-billionaire investor to bear.