Thursday, September 26, 2013

The Only Warren Buffett Pick Signaling 'Buy' Right Now: USB

Warren Buffett is synonymous with value investing and investment success. Buffett has consistently delivered profits to his investors in Berkshire Hathaway (NYSE: BRK-B) for almost 60 years. Now, Buffett is 83 and probably won't have the opportunity to build wealth for the next generation. Fortunately, Buffett has left a detailed road map of his investment strategy that we can use to build wealth long after his departure.

Buffett has built a fortune by buying shares of great companies when they were selling at a discount. He is a patient investor and waits for prices to reach what he considers to be a bargain level. Because he never knows when bargains will be found in the market, Buffett maintains a large cash position in his portfolio, something individual investors cannot do without hurting their returns.  (more)

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