Warren Buffett once said, "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." That advice leaves room for interpretation, but investors can be relatively certain they are buying what Buffett believes to be good stocks if they select from equities owned by Berkshire Hathaway.

As for what qualifies as good timing, investors must remember that valuation always matters, but only when contextualized by growth prospects. What constitutes an expensive valuation for one stock may be cheap for another. Investors can be relatively certain of their timing if they choose stocks priced reasonably in relation to their likely growth trajectories.

Building on that, Berkshire has stakes in Snowflake (NYSE: SNOW) and (NYSE: V), and both stocks bear consensus ratings of "buy" on Wall Street. Indeed, Snowflake has a median 12-month price target of $195 per share, implying 20% upside. And Visa has a median 12-month price target of $280 per share, implying 19% upside. More importantly, both stocks trade at reasonable valuations.

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Source Fool.com