ETFs Stick to Buffett's Buy-Hold Strategy

NEW YORK (TheStreet) -- This week, two of Berkshire Hathaway's largest holdings, Coca-Cola (NYSE: KO) and Wells Fargo (NYSE: WFC), lived up to Warren Buffett's expectations, releasing strong earnings reports that beat analyst expectations. The financier has held stock in both KO and WFC since the late 1980s.

Warren Buffett is both a diehard proponent and major beneficiary of the buy-and-hold investing strategy. Although not as exciting or fast paced as trading, Buffett's ability to pick out and buy companies such as Coca-Cola, Wells Fargo, and American Express (NYSE: AXP) on the cheap and allow them to increase in value over years and decades has been essential to the creation of his $40 billion fortune.

Buffett has explained in the past that his favorite time period for holding shares of a company is "forever." Living up to this creed, when the investor purchased Burlington Northern Santa Fe Railroad in late 2009, he explained that the deal would provide Berkshire Hathaway with stable returns for 100 years.

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