Led by Warren Buffett and his business partner Charlie Munger, the world's largest holding company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has a knack for picking proven businesses.

One of the positions within Berkshire Hathaway's portfolio is a hard-surface floor retailer known as Floor & Decor (NYSE: FND). The $417 million valuation of the position is a fraction of the holding company's $325 billion investment portfolio. But it raises the question: Should growth investors consider the stock for their portfolios? Let's delve into Floor & Decor's fundamentals and valuation to arrive at an answer. 

Berkshire Hathaway tends to look for businesses that enjoy competitive advantages over their peers. Companies with competitive advantages tend to be more profitable and have better growth prospects than competitors. And Floor & Decor fits these requirements perfectly.

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Source Fool.com