Better Buffett Stock: American Express vs. Visa

Warren Buffett will step down as CEO of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) by the end of this year, and many investors are likely wondering whether his successor, Greg Abel, can maintain the growth rates of this conglomerate's closely watched stock portfolio.

Abel, the CEO of Berkshire Hathaway Energy, has been with the company for 25 years, but he isn't a celebrated stock picker. He probably won't stray too far from Buffett's playbook of investing in undervalued and cash-rich businesses with wide moats, but he may also miss some big opportunities.

So, instead of focusing on what Abel might or might not invest in, let's look back at two of Buffett's long-term plays on the financial sector: American Express (NYSE: AXP) and Visa (NYSE: V). Buffett didn't sell either of these stocks as he trimmed his positions in Apple, Bank of America, and his other top holdings to raise more cash over the past year.

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Source Fool.com