Warren Buffett has been selling Apple and Bank of America stock, but he refuses to sell Coca-Cola shares. His $1 billion bet on Coke in 1987 has paid off, with Berkshire holding 400 million shares worth nearly $29 billion. Buffett’s long-term approach and Coke’s strong business model keep him holding on.

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Ryan Vanzo, the author, does not hold positions in the mentioned stocks. The Motley Fool has positions in Apple and Berkshire Hathaway. The opinions expressed are the author’s and do not necessarily reflect those of Nasdaq, Inc.

Read more at NASDAQ: Warren Buffett Still Owns 400,000,000 Shares of This Iconic American Business