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Warren Buffett’s Favorite Stocks & Why

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Today we won’t be talking about the F.A.A.N.G stocks, Ford or CSCO- though they are fantastic companies. Today we will be talking about the products that are sitting on your bathroom counter or the credit cards in your wallet. These companies either have a special product or service you need every day, and they’re making investors like Warren Buffett filthy rich.

Special Product

Companies such as Coca-Cola, Wrigley, Hershey, Budweiser, Coors, Kraft, Procter & Gamble, and Phillip Morris dominate their craft of selling products. These are billion-dollar companies that build their acquisitions and give their customers what they need with the right marketing, at the right price. Like chocolate? Grab a Hershey bar. Or perhaps you need more toothpaste? Grab a tube of Crest toothpaste (P&G) from the store. These are essential products we use on a daily basis that not only serve the people of America but people all over the world.

Special Service

Companies that sell a particular service are corporations such as American Express, H&R Block, Wells Fargo, Goldman Sachs, and Moody’s Corporation. These companies have a particular service that service people through taxes and other financial needs that we need on a daily basis. These companies have mastered the way to be people focused and any company that keeps the customer first is a favorite company of Warren Buffett’s.

Unlike other investors, Warren Buffett thinks like a consumer: What does the consumer want to eat or drink today? Where can they get great service to file their taxes every year? Though these are a few of many companies he partially owns, they all have a unique product or service that people will use years to come.

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Information Obtained: Book-Warren Buffett and the Interpretation of Financial Statements, by M.Buffett & David Clark

Categories: Blogs, Stock Talk

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