Despite the Oracle of Omaha overseeing stakes in 43 stocks at Berkshire Hathaway, more than half of his portfolio can be traced to three brand-name businesses.

The good news for the average investor is there's no penalty for simply copying Buffett's investment strategy. Here are eight of the best Warren Buffett-owned stocks to buy in 2024, according to CFRA:

After the update, Ally's stock plummeted close to 20% and now sits at about $33. The largest investor in Ally is Berkshire Hathaway, the conglomerate run by legendary investor Warren Buffett. The company has held its shares in Ally even though it has trimmed the majority of its exposure to the banking sector in the past year or two.