High inflation and rising interest rates have created a great deal of economic uncertainty, triggering a sharp decline in the stock market. Under his leadership, Berkshire Hathaway shareholders saw an annualized return of 20.1% between 1965 and 2021, and much of that success is due to Buffett and his ability to pick winning investments. Apple's brand authority in consumer electronics, Amazon's intellectual property in cloud computing, and Bank of America's scale as a financial services provider are all good examples, and Buffett owns all three stocks through Berkshire Hathaway.