The Smartest Stocks to Buy With $2,000 According to Buffett's Core Principles
Warren Buffett stepped down as chief executive of Berkshire Hathaway (NYSE: BRKB) (NYSE: BRKA) on Jan. 1 of this year, handing the job to Greg Abel , the executive who spent years running Berkshire's energy and non-insurance businesses. Buffett is still chairman at 95 and still writing his annual letters, but the decisions belong to someone else now. That makes it a good moment to think about what the man taught rather than what he happens to own. Image source: Getty Images. His ideas get repeated so often that they turn into wallpaper and clickbait social media posts from financial gurus. Buy what you understand. Look for a moat, which just means something that stops competitors from stealing your customers. Pay a fair price. All are true, but all can be somewhat vague. The version I find more useful is narrower. Continue reading