The 3 Cheapest Stocks Warren Buffett Owns
Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett is a legend on Wall Street. In roughly six-and-a-half decades, the Oracle of Omaha grew his net worth from $10,000 to more than $81 billion. And, may I add, Berkshire Hathaway's share price appreciation over the years has created more than $400 billion in value for shareholders.
Buffett's investing style is unique on Wall Street for its relative simplicity. Rather than try to use fancy charting software, Buffett simply focuses his attention on a handful of sectors and industries within the market, learns the ins and outs of these sectors and industries, and purchases companies that he believes offer excellent value and competitive advantages. It may sound boring, but the data doesn't lie: Buy-and-hold investing can work wonders.
Although not all of Buffett's 47 currently held securities in Berkshire Hathaway's portfolio could be accurately described as "value stocks," many of them are. In fact, three Buffett stocks that can be rightly called his cheapest are currently valued at less than six times next year's projected earnings per share (EPS).
Source Fool.com
