1 Dirt-Cheap Warren Buffett Stock Down 49% to Buy Before It Starts Soaring
No conversation about successful investing would be complete without a nod to legendary Berkshire Hathaway CEO Warren Buffett. The so-called "Oracle of Omaha" has helmed the conglomerate for more than 50 years, racking up returns that may never be matched. In fact, since taking the helm in 1965, Berkshire has delivered gains of more than 20% annually, and its overall returns have soared an eyebrow-raising 3,641,613%.
In the face of the persistent economic headwinds that have "buffeted" the economy, investors are turning to Berkshire's portfolio for inspiration. One stock that stands out as a particularly intriguing opportunity right now is Amazon (NASDAQ: AMZN). The e-commerce pioneer has fallen out of favor with Wall Street, currently down a whopping 49% from its peak.
Yet, even in the face of its current challenges, it's far from a company in peril. Investors appear to be ignoring its strong history of growth, leading position in several industries, and resulting track record of success.
Source Fool.com
