The Smartest Stocks to Buy With $2,000 According to Buffett's Core Principles
Buffett's best lessons still apply to boring businesses that can compound without constantly needing new capital from shareholders.
Overview
Warren Buffett stepped down as chief executive of Berkshire Hathaway (NYSE: BRKB)(NYSE: BRKA) on Jan. 1 of this year, handing the job to Greg Abel, the executive who spent years running Berkshire's energy and non-insurance businesses. Buffett is still chairman at 95 and still writing his annual letters, but the decisions belong to someone else now. That makes it a good moment to think about what the man taught rather than what he happens to own.
Image source: Getty Images.
His ideas get repeated so often that they turn into wallpaper and clickbait social media posts from financial gurus. Buy what you understand. Look for a moat, which just means something that stops competitors from stealing your customers. Pay a fair price. All are true, but all can be somewhat vague. The version I find more useful is narrower.
Details
Source
Originally published at www.fool.com.
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