Berkshire Hathaway Chief Executive Officer Warren Buffett is a legend in the investing world. What makes Buffett unique is the combination of his stock-picking prowess and longevity. Since taking over Berkshire Hathaway in 1965, Buffett has delivered investors a return of over 2,400,000%, or 20% compounded annually. If you were fortunate enough to buy $100 of Berkshire Hathaway stock back then, your investment would be worth more than $2.4 million today.

Buffett's greatest skill is identifying quality companies at reasonable prices and holding on to his best investments forever. With that said, Buffett and his team at Berkshire can't be right on every stock they own. Two Buffett stocks that are solid buys today are American Express (NYSE: AXP) and Marsh McLennan (NYSE: MMC), while one stock I'd avoid for now is Capital One Financial (NYSE: COF).

American Express operates the world's third-largest credit card network, trailing only Visa and Mastercard. What makes it stand out is its premium customer base and high-end card products, which customers associate with luxury. Its highly coveted Platinum card product carries an annual fee of $695 but comes with a slew of benefits, including travel credits, airport lounge access, purchase protection, and hotel room upgrades.

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Source Fool.com