Warren Buffett has become a North Star for many investors. Under his leadership, Berkshire Hathaway shareholders saw annualized returns of 20.1% between 1965 and 2021, nearly double the returns of the broader S&P 500. With the cash from Berkshire's various operations -- insurance, manufacturing, freight transportation -- Buffett has built a sizable equities portfolio.
Bear markets are part of investing, and understanding how they have unfolded in the past can help us come to terms with them.
The stock market hasn't been a happy hunting ground for investors in 2022, but investors willing to look past the volatility could make a fortune if they buy and hold solid companies for a long time. Advanced Micro Devices (NASDAQ: AMD), Palo Alto Networks (NASDAQ: PANW), and Amazon (NASDAQ: AMZN) are three high-flying companies that have made investors significantly richer over the years. Let's look at the reasons why investors looking to retire as millionaires after a decade should consider investing $50,000 in these three names.