Down Over 20% In 2022, These 3 Warren Buffett Stocks Are Smart Buys in 2023
When investors are looking for guidance on stock picks, it can help to follow the lead of successful investors. Warren Buffett has a long history of market success and his investing strategies can point most investors in the right direction. Through his holding company, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Buffett has achieved success that has made him one of the best-known investors of all time.
But just because he's been successful doesn't mean Buffett's investments are foolproof or exempt from market downturns. Like many other investors in 2022, Buffett saw some of his (and Berkshire's) holdings lose value over the past 12 months. Let's take a closer look at three of those picks that lost value in 2022 and whether they are worth buying in 2023.
Warren Buffett is known for value investing, a strategy involving finding stocks that are trading below their intrinsic (real) value. For example, if a company's stock price is $200 and an investor believes its intrinsic value is $250, they would invest, hoping to profit from the 25% increase when the market finally prices the stock correctly.
Source Fool.com
