Billionaire investor Warren Buffett is known for his emphasis on long-term investments. He focuses on businesses that he believes will maintain a competitive edge for decades to come. What Happened: Buffett’s “buy and hold” strategy is the key to his advice for Apple investors to not get caught up in short-term metrics.

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

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