American Express is one of Warren Buffett's longest-standing bets. For over three decades, Berkshire Hathaway has held onto AmEx, through recessions, market crashes, and massive shifts in the payments industry. This is interesting given that AmEx operates a far smaller network than Visa and Mastercard.
So what makes AmEx different? Why has Buffett never sold? And how does a company with fewer cards and lower acceptance still generate outsized returns?
Listen to American Express' interesting story in this season finale.