Warren Buffett has developed a reputation for finding bargains throughout his career. Stocks such as Apple and Coca-Cola have brought him massive returns over the years.

Though Buffett is no longer the sole decision maker at Berkshire Hathaway, Buffett's company continues to find new investments at bargain basement prices, and one of his latest is Paramount Global (NASDAQ: PARA).

Investors should first understand that Paramount Global is a recent investment for Berkshire. Sometime in the first quarter of last year, the investment company purchased almost 69 million shares of the media stock. By the end of the third quarter, that position would grow to more than 91 million shares worth over $1.9 billion.

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Source Fool.com