Want to Invest Like Buffett? This Is What He Just Said He Looks For in "Really Outstanding Businesses," and It May Not Be What You Think
Warren Buffett has earned his reputation as one of the greatest investors ever. He has led his holding company, Berkshire Hathaway, to incredible market-beating returns. As of the end of last year, Berkshire Hathaway's market value per share has increased 5,502,284% since Buffett took over, while the S&P 500 has gained 39,054%.It isn't surprising that investors watch Buffett's every move and try to glean whatever they can from his advice. He doesn't generally reveal much about his specific trades, and these days, some of those trades are dictated by his lieutenants. He waxed enthusiastic about his confidence in Greg Abel, who's in line to take over as CEO after Buffett. Buffett has often shared how he chooses stocks and what he looks for in a great business. Many investors know that he loves undervalued stocks, but that's just one piece of the whole, and it's not the one he talks about much. There's something else that he thinks is much more important.Continue reading
Warren Buffett has earned his reputation as one of the greatest investors ever. He has led his holding company, Berkshire Hathaway, to incredible market-beating returns. As of the end of last year, Berkshire Hathaway's market value per share has increased 5,502,284% since Buffett took over, while the S&P 500 has gained 39,054%.
It isn't surprising that investors watch Buffett's every move and try to glean whatever they can from his advice. He doesn't generally reveal much about his specific trades, and these days, some of those trades are dictated by his lieutenants. He waxed enthusiastic about his confidence in Greg Abel, who's in line to take over as CEO after Buffett.
Buffett has often shared how he chooses stocks and what he looks for in a great business. Many investors know that he loves undervalued stocks, but that's just one piece of the whole, and it's not the one he talks about much. There's something else that he thinks is much more important.
