Warren Buffett's Stock Picks

Interested in picking stocks the way Warren Buffett does it? Then here’s a “must-read”: Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage

According to the authors, Warren Buffett (hereinafter referred to as “WB”) likes to buy Exceptional Companies with a Durable Competitive Advantage (hereinafter referred to as “ECDCA”). They say that WB likes ECDCA’s that sell one of three things:

1. Products with brand loyalty.
2. Services with brand loyalty.
3. Necessities sold at the cheapest prices by a company with the lowest costs.

Additionally, WB looks at a company’s Financial Statements to find a possible ECDCA in one of the foregoing businesses.

...cont'd tomorrow...

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