2 Warren Buffett stocks I’ve bought to hold for 10 years

Warren Buffett is considered the greatest stock market investor of all time. So I like to keep an eye on ownership.

Here, I’ll discuss two stocks Buffett has bought for ISAs. I see enormous long-term potential in these two companies, so I will be investing for at least the next decade.

Buffett holds the largest

Let’s start with that Apple (NASDAQ: AAPL). This is Buffett’s biggest holding. Today, he owns $132bn in Apple stock.

There are several reasons I have bought Apple for my ISA. One of them is the corporate ecosystem. The fact that all these products are connected to each other gives a strong competitive advantage because consumers will keep coming back.

It is worth noting that Buffett said that one of the main reasons he invested in Apple was because of the value of the ecosystem and how “permanently“maybe.

Another is long-term growth potential. Apple is in the process of moving into several high-growth industries, including digital payments and healthcare.

It’s the health board that excites me the most. Apple has made great strides in recent years with the Watch. It can analyze blood oxygen levels, monitor sleep levels, take ECGs, alert families in case of falls, and more.

But I feel like Apple is just scratching the surface here. I think we can see a lot more from the company in the next decade.

If you zoom into the future, and look back, and ask the question, ‘What is Apple’s greatest contribution to humanity?’ It will be about health.

Apple CEO Tim Cook

Now, Apple stock isn’t without risk, of course. Supply chain challenges, technology disruptions, and lower consumer demand are issues that could hurt the stock in the near term.

However, I am confident that it will produce good results between now and 2033. So I will continue to persevere.

Great potential

A second Buffett stock I have bought with the intention of holding for the next 10 years Amazon (NASDAQ: AMZN). It’s a smaller stake for the legendary investor, but he still owns more than a billion dollars in shares.

In my mind, Amazon is only going to get bigger over the next decade. I still believe that there is still a lot of growth in the online shopping division. I think a lot of people don’t realize how much time Amazon can save when shopping (saving hours a week).

Meanwhile, Prime’s network of 200m+ users gives it a competitive advantage here. These users often shop on the platform to validate the annual fee.

The real growth driver here appears to be the cloud computing division. Between now and 2030, the cloud market is expected to grow by around 16% annually as organizations shift online. And Amazon is the leader in the industry with a market share of almost 40%. So I think there’s a lot of growth to come.

Now, I’m buying Amazon stock at a higher price. So I’m now sitting at the loss of paper. However, I am not worried about this. I think stocks will generate good returns for me over the next decade.