Clearly, collecting more than $1 billion a year on two investments that cost $2.6 billion between them is an income investing success story -- especially if, as Buffett predicted, those income streams are "highly likely" to keep growing.

Warren Buffett is still Berkshire’s CEO for two more months. The company’s stock is trading as though he has already retired.

Legendary investor Warren Buffett has a way of explaining big ideas in simple terms. And when it comes to insurance, he makes it sound almost too easy. Insurance Looks Simple, But It Isn’t At last year’s Berkshire Hathaway (NYSE:BRK,

Buffett is a fan of value stocks and dividend stocks, and he loves consumer goods. In fact, the two artificial intelligence (AI) stocks he does own -- Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) -- are both consumer goods giants, and AI can drive further growth for both of them.