Warren Buffett often claims that his favorite stock holding period is "forever." Hence, one may assume that every stock in the Berkshire Hathaway portfolio started as a "forever stock" in the minds of its investment managers.

Nonetheless, the type of such investments one might prefer depends on risk tolerances and goals. Risk-averse investors may lean toward , Bank of America, or . But for those wanting to take some risk, the Berkshire portfolio contains three particular stocks that could book outsized gains over time by transforming specific industries.

Floor Decor (NYSE: FND) has carved out a niche in the hardwood flooring space. One might think large competitors like Home Depot and the numerous independents might make this space uncompetitive.

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Source Fool.com