Berkshire Hathaway's record-high cash stockpile might give some investors the wrong impression. Warren Buffett isn't completely avoiding buying stocks. Granted, he's being very selective -- but that's nothing new for the legendary investor.

Buffett recently bought eight stocks. And I think one of them is the best of the bunch for income investors.

Buffett initiated new positions in two stocks during Q2. He bought over 1 million shares of Heico. This marked the first time the aerospace and defense stock has been part of Berkshire's portfolio.

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Source Fool.com