Buffett's Favorite Stock Remains Berkshire Hathaway Despite Major Apple and Occidental Holdings

• Warren Buffett's favorite stock to buy is actually shares of his own company, Berkshire Hathaway. He has bought back Berkshire stock for 22 consecutive quarters.

• Since July 2018, when Berkshire changed the rules governing buybacks, Buffett has repurchased over $74 billion worth of Berkshire shares.

• Buybacks allow Buffett to reward long-term Berkshire shareholders by increasing their ownership stake as shares are removed from the market.

• Repurchases also boost Berkshire's earnings per share as the share count decreases over time.

• Apple and Occidental Petroleum are major Berkshire holdings, but neither qualifies as Buffett's undisputed favorite stock to buy.