Warren Buffett’s Secret Stock Revealed: Chubb Ltd (NYSE: CB)

Warren Buffett, the legendary investor known as the Oracle of Omaha, has been making headlines with his secret stock investment in Chubb Ltd. The insurance giant, listed on the New York Stock Exchange, has been the focus of Buffett’s attention, with Berkshire Hathaway pouring billions of dollars into the company over the first quarter of 2023.

But why did Buffett keep this investment under wraps? The answer lies in his desire to avoid influencing the market with his moves. As one of the most closely watched investors in the world, Buffett’s investments have the power to move markets, and he is keen on sticking to his golden rule of never overpaying for anything.

With Berkshire’s filing with the US Securities and Exchange Commission revealing the $10 billion investment in Chubb, investors are now looking for similar opportunities on the Australian Stock Exchange (ASX). While Chubb operates in 54 countries with a market cap of $154 billion, investors can look at QBE Insurance Group Ltd on the ASX.

QBE, with a market cap of $27 billion, has been a strong performer in 2024, with a 22% increase in share price year to date. Additionally, the company offers a partly franked dividend yield of 3.5%, making it an attractive option for investors looking to mimic Buffett’s investment strategy.

As Buffett famously said, “The greatest protection against inflation is ownership in a business that goes up in value.” With QBE’s potential for further share price gains and a solid dividend yield, this ASX share could be a good fit for investors looking to follow in Buffett’s footsteps.

In conclusion, Warren Buffett’s investment in Chubb has shed light on his investment strategy and provided opportunities for investors to explore similar options on the ASX. By sticking to what he knows and avoiding overpaying for investments, Buffett continues to set an example for investors around the world.