Fact checked by Stella Osoba In 2007, Warren Buffett made a bold statement about the investment management industry that would lead to one of the most instructive wagers in financial history. His million-dollar bet not only demonstrated the power of simple investment strategies but also exposed fundamental truths about investment costs and market

Warren Buffett's surprising investment priority that keeps him winning in any market — and why it could work for you too.

Warren Buffett is a money man -- in multiple ways. While his Berkshire Hathaway operates in a wide range of sectors, it's categorized in the financial services sector because of its huge insurance businesses.

Buffett invested in Heinz in 2013 and two years later, Heinz merged with Kraft Foods. He bought 326 million shares during this merger at a cost of around $24.6 billion. He has held on to that stake, which is now worth $11.4 billion.