1 Reason Buffett Would Love Costco Stock, and 1 Reason He Avoids It
Berkshire Hathaway owns a lot of stocks that span numerous industries. But there's one dominant retailer that isn't on the list.
It might come as a surprise that legendary investor Warren Buffett doesn't own Costco Wholesale (NASDAQ: COST) shares. This is even more shocking when you realize his right-hand man, Charlie Munger, is a large shareholder.
I think there's a pretty obvious reason for why that is. But before getting to that, let's first look at what would make the Oracle of Omaha love this business in the first place.
Source Fool.com