Warren Buffett Just Bought 8 New Stocks: Here's the Best of the Bunch
Four times a year, investors are treated to the recent investment decisions of Warren Buffett, CEO of Berkshire Hathaway. Berkshire's most recent quarterly filing came on May 16 and showed that it had purchased eight new stocks: Occidental Petroleum, HP (NYSE: HPQ), Citigroup, Paramount Global (NASDAQ: PARA), Celanese, McKessen, Markel (NYSE: MKL), and Ally Financial (NYSE: ALLY).
I'm sure that most of these, if not all of them, will make Berkshire money over the long haul. Buffett has an enviable track record with investing. And his No. 1 rule is "Don't lose money." Therefore, we can be sure he expects these stocks to increase in value. However, after looking through these eight stocks, I believe the best of the bunch for potential market-beating returns is HP. Here's why.
Let's begin with a caveat: I don't follow every industry. I mainly focus on consumer goods and technology. So perhaps I'm not fully appreciating some ideas, like Occidental Petroleum and Celanese. But as Buffett's investing partner Charlie Munger says, "Our job is to find a few intelligent things to do, not to keep up with every ... thing in the world."
Source Fool.com
