Warren Buffett's AmEx Bet Is Up 440% — and Still Running
Buffett's $48B American Express position has crushed the market over a decade. Fresh results suggest the run isn't done.
If you want a masterclass in conviction, look no further than Warren Buffett's American Express position. The Oracle of Omaha is sitting on a stake now worth $48 billion, and the stock has handed investors a jaw-dropping 440% total return over the past ten years. That's not luck — that's a thesis holding up through multiple market cycles.
American Express isn't your average credit card company. It targets high-spending, premium cardholders who keep swiping even when the economy gets shaky. That built-in customer quality creates a revenue engine that's harder to stall than a typical consumer finance play. Buffett recognized this moat decades ago, and the latest earnings results confirm the business is still firing on all cylinders.
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What you should care about as a trader: momentum and fundamentals are aligned here. When a stock posts a 440% decade-long return AND continues delivering strong quarterly results, that's a signal worth respecting. Chasing cold stocks is a losing game — riding hot ones with durable business models is how the big money compounds.
The broader takeaway is about patience and quality. Buffett didn't day-trade his way to a $48 billion win. He bought a great business and sat on his hands. For retail traders watching growth slow elsewhere in financials, AmEx stands out as a consistent performer with a premium brand that commands loyalty and pricing power most competitors can't touch.
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