When the financial crisis struck in 2009, Warren Buffett was one of the big winners. His investment strategy is being copied by a growing number of investors, who hope to profit from it. After the financial crisis of 2008, Buffett praised the Federal Reserve and the Treasury for their quick response to the crisis. It was Buffett’s opinion that a company’s pricing power was the most important factor in making a business evaluation. “I don’t buy stocks for the returns,” he said. Instead, he buys them for the “business” they provide. The comments of the billionaire may provide some guidance on how to deal with a market downturn.
Here is Insider Monkey’s list of the 10 best stocks to buy according to Warren Buffett. At the end of the third quarter of 2021, 46 hedge funds in the Insider Monkey database owned shares of The Bank of New York Mellon Corporation worth $4.6 billion. There are over 72 million shares of the company owned by Berkshire Hathaway. According to third-quarter filings, the fund’s stake in the company increased by 34%. At the end of the most recent quarter, Insider Monkey’s database of 51 hedge funds held $4.4 billion in Chevron Corporation. In recent months, hedge funds have piled into the stock. At the end of the third quarter of 2021, 42 hedge funds in Insider Monkey’s database had $8.39 billion invested in U.S. Bancorp. Verizon Communications Inc. represented 2.49 percent of the fund’s holdings, with 158 million shares worth $8.2 billion. In the first quarter of 2021, Berkshire first purchased a stake in the company. By the end of 2016, all of this stock had been sold. 58 hedge funds had stakes in Moody’s Corporation worth $15.6 billion at the end of the third quarter of 2021, according to Insider Monkey. Of the portfolio, 2.91 percent belongs to Berkshire Hathaway’s 24 million shares of the company. For more details, click 10 Best Stocks To Buy According To Warren Buffett.
