Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) owns about 50 stocks in its portfolio, with a combined market value of around $338 billion as of this writing. Many of them -- especially the larger positions -- were hand-picked by CEO Warren Buffett himself. And there are several that look like compelling opportunities for patient long-term investors.

Just to name a few, Amazon (NASDAQ: AMZN) has been beaten down significantly despite recent data showing that consumer spending remains strong. General Motors (NYSE: GM) is still about 35% below its highs despite posting third-quarter earnings that came in well above expectations. And Ally Financial (NYSE: ALLY), a stock I recently bought, is trading for a fire-sale valuation after a relatively minor uptick in loan defaults.

While I own all three of the stocks mentioned above, as well as Berkshire Hathaway itself, I'm most excited about Bank of America (NYSE: BAC), Berkshire's second-largest investment and one that just reported strong third-quarter earnings.

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Source Fool.com