3 Underrated Warren Buffett Stocks That Are Smart Buys Right Now

Following Warren Buffett's stock picks seems like a splendid idea. Known as the Oracle of Omaha, he's built up quite an impressive track record in his long investing career running a partnership, then as head of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), since 1970. The business owns equity securities valued at nearly $308 billion as of June 30.

As a cautionary note, you shouldn't buy stocks merely because someone else owns them, even if that person is Warren Buffett. After all, he does make mistakes. However, these three stocks, despite Berkshire's high profile, have been underappreciated by the market and seem poised to have nice gains.

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Source Fool.com