This Is Warren Buffett's Third-Largest Holding: Time to Buy?
Ideas for where to find great investments can come from just about anywhere. For instance, by looking at what stocks other successful investors own, individuals can sometimes find potential winners for their own portfolios. It's a useful strategy, provided you take the time to really understand the company and the investment thesis of the investor you are mimicking. And what better investor to emulate than Warren Buffett?
American Express (NYSE: AXP) is currently the third-largest holding in Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) $370 billion portfolio. The Oracle of Omaha's conglomerate owns about 20% of the outstanding shares of the financial services business. That's a clear vote of confidence in its prospects.
Buffett's definitely got the view that buying American Express is a good idea. Should his idea become yours? Let's take a closer look at three compelling reasons why this top financial stock is worth a closer look.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Our community is currently high on Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
With a target price of 650000 € there is a slightly positive potential of 7.97% for Berkshire Hathaway Inc. A compared to the current price of 602000.0 €.
