Warren Buffett's Investment in American Express Stock Turned Into a 40-Bagger Success. Here's the Secret Behind It

Warren Buffett's Investment in American Express Stock Turned Into a 40-Bagger Success. Here's the Secret Behind It

Key PointsThe real magic is per-share earnings growth, not just business growth.Share buybacks quietly amplified Buffett’s returns.Capital allocation separates good companies from great ones.10 stocks we like better than American Express › When Warren Buffett first invested in American Express (NYSE: AXP), the thesis seemed straightforward: Buy a high-quality business and let it grow over time. Decades later, that investment has delivered roughl…