Economic headwinds sent the S&P 500 into a bear market last year, and the benchmark index is still 16% off its high. Warren Buffett's Berkshire Hathaway treated the drawdown as a buying opportunity, investing $66 billion into the stock market through the first three quarters of 2022. That's more money than Berkshire invested during the previous three years combined.
Why is the company being so aggressive? Smart investors like Buffett know that a bear market offers investors a chance to buy good stocks at great prices. With that in mind, here are two Buffett stocks to buy now and hold forever.
The first stock worth buying is Amazon (NASDAQ: AMZN) . The retail giant struggled over the past year, as high inflation slowed consumer spending and increased operating expenses. That led to losses in the first and second quarters -- its first quarterly losses since 2015.
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2 Warren Buffett Stocks Down 48% and 74% to Buy in 2023 and Hold Forever