This Warren Buffett Stock Offers a Tremendous Buying Opportunity to Start 2024
Warren Buffett has made quite a name for himself in the investing and business world, and that's putting it lightly. Through his company, Berkshire Hathaway, Buffett and his team have a track record of sustained success. Many investors look to the company's holdings for inspiration.
One stock in Berkshire Hathaway's portfolio with all the hallmarks of being a long-term winner is (NYSE: V). It has attributes that Buffett advises investors to look for in a company: competitive advantage, heavy cash flow, and longevity.
Buffett has always preached the importance of companies having a competitive advantage, and Visa definitely checks that box. In Visa's case, its massive reach gives it a leg up over other card issuers. Visa has over 4.3 billion cards globally (as of June 30, 2023) and over 130 million merchant locations accepting those cards.
Source Fool.com