Buybacks can continue for as long as Berkshire has at least $30 billion in cash and equivalents on its balance sheet. Since the conglomerate is sitting on a staggering $347 billion in liquidity right now, Buffett and his team can authorize more buybacks whenever they feel the time (or the price) is right.

A $25,000 investment in each of these two Warren Buffett favorites will generate approximately $2,750 per year in passive income.

With a sheer focus on identifying undervalued companies with strong fundamentals, Warren Buffett, known as the world’s most successful investor, has accumulated a net worth of $142.7 billion