Warren Buffett stands in a league of his own, and his track record speaks for itself. The wisdom he has shared over the decades is priceless. 

I like Buffett's investing philosophy. His goal of buying "a wonderful company at a fair price" makes a lot of sense to me. Quite a few of the wonderful companies in which Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns stakes are also in my portfolio (as is Berkshire itself). But I'm not a fan of every stock Buffett has bought throughout the years. 

There are several stocks in Berkshire's portfolio right now that I'm not enthusiastic about. Buffett might have had good reasons for buying them initially, but they have significant downsides now.

Continue reading

Source Fool.com