The 3 Most Expensive Stocks Warren Buffett Owns

Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett is known as one of the founding fathers of value investing, but that doesn't mean the Oracle of Omaha eschews the growth aspects of a business. After all, as far back as his 1989 letter to shareholders, Buffett wrote, "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price."

Many value investors have been burned by bargain-hunting over the past decade, as growth stocks have absolutely trounced value stocks since the Great Recession. This could be due to a number of factors, but most notably, technological disruption is wreaking havoc on many legacy businesses in just about every industry. That's why companies riding today's tech tailwinds are making new highs, while those being disrupted have seen their shares stagnate (or worse) despite seemingly "cheap" valuations.

Therefore, instead of looking at the cheapest stocks in Buffett's portfolio for inspiration, investors may want to look at the most expensive stocks Berkshire owns. Likely, these are the most competitively advantaged businesses with the most superior growth prospects.

Source Fool.com