This Ridiculously Cheap Warren Buffett Stock Could Help Make You Rich
Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) Warren Buffett has quite an eye for quality. The company's $321 billion investment portfolio is loaded with dozens of some of the best businesses in the world.
One of those businesses is RH (NYSE: RH), previously known as Restoration Hardware. Let's dive deeper into why Berkshire Hathaway holds a 10.7% equity stake (or nearly 2.4 million shares) in this business, and why it could be a no-brainer buy for value investors.
Brand quality matters greatly to Berkshire Hathaway: Customers are much more inclined to fork over their hard-earned money for a product when the brand inspires confidence in them, which is especially the case with luxury brands. And few companies can appeal to an affluent clientele as well as home-furnishings company RH.
Source Fool.com
