Billionaire investor Warren Buffett is known for his emphasis on long-term investments. He focuses on businesses that he believes will maintain a competitive edge for decades to come. What Happened: Buffett’s “buy and hold” strategy is the key to his advice for Apple investors to not get caught up in short-term metrics.

Warren Buffett owns publicly traded stocks and entire companies. Here are two investment ideas from his portfolio.

Second-quarter results show Berkshire Hathaway saw soft second-quarter insurance profits but builds a huge cash horde.