By Kara Marciscano, CFA
Last year we wrote about the type of stocks that legendary investor and CEO of Berkshire Hathaway's ((BRK)) (BRK.A) (BRK.B) Warren Buffett looks for.1
In short, Buffett prefers quality companies - high profitability without excessive leverage - that trade at reasonable valuations.
Through year-to-date September 2019, Berkshire generated an approximate 23%2 unrealized gain on the value of its equity portfolio. Although the company has yet to report full-year results, we anticipate that strong U.S. equity performance in 4Q 2019 further supported BRK's investments.
Despite a potential banner year for