When I make reference to Buffett's favorite stock, I'm talking about none other than Berkshire Hathaway itself. Buffett has authorized the repurchase of $77.8 billion worth of Berkshire stock since 2018, which is more than twice the amount the conglomerate invested in Apple.

Has Warren Buffett given up on the stock market? Buffett bought 10 stocks in all of 2024 (excluding buybacks of Berkshire's shares). Several of the stocks Buffett bought last year were existing positions for Berkshire.

Investors can often benefit from following the recent movements and decisions made by the biggest names in the market, especially if they can work through reverse engineering some of the reasoning behind these decisions.

The stock market has been thriving over the past two years, but there's still plenty of uncertainty among investors. If you're concerned about a potential market downturn, this timeless advice from Warren Buffett could help ease your concerns -- and set you up for financial success.