2 Buffett Stocks to Buy for the Long Haul

Warren Buffett has said that when he evaluates companies for investing, he stays within a circle of competence -- meaning he evaluates companies in areas that he fully understands. That's why before becoming an investor in the company hosting the largest e-commerce platform in the world, he originally missed out. A similar story is behind his investment in the company which stands -- at 43.7% -- as the largest holding in Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) portfolio.

These companies are two of the largest in the world by market cap and are led by innovative visionaries developing devices and platforms that are likely to expand and continue to grow profits based on business models that generate recurring revenue that should keep investors happy for the long haul.

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Source Fool.com