SNOW - 2 Top Buffett Stocks to Buy and Hold for the Long Haul
2023-12-01 07:05:00 ET
Investors seem to be endlessly fascinated by what's in Warren Buffett's portfolio at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) . This makes sense, considering the fact that he is one of the best investors in the world. While nobody should purchase a stock simply because Buffett owns it, Berkshire's portfolio can be a great place to look for ideas.
Part of Buffett's success at Berkshire has stemmed from his strategy of holding what he buys for long periods of time. You typically don't see him trading frequently in and out of stocks. But among the holdings in the conglomerate's portfolio today, two companies in particular look like they're worth buying now for the long haul.
When Buffett bought Snowflake (NYSE: SNOW) stock at its initial public offering (IPO) price in September 2020, it led to a bit of head-scratching around Wall Street. Buffett has on more than one occasion said publicly that he's not interested in investing in IPOs.
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2 Top Buffett Stocks to Buy and Hold for the Long Haul