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Investors are in the enviable position of being able to buy some of Buffett's (BRK.A) picks...

Investors are in the enviable position of being able to buy some of Buffett's (BRK.A) picks today for less than the Oracle of Omaha originally paid for them, says Barron's. Among the strong and well-managed companies to choose from: U.S. Bancorp (USB), ConocoPhillips (COP), Sanofi-Aventis (SNY) and Kraft (KFT).
Comments (1)
  • Jasper M
    , contributor
    Comments (1652) | Send Message
     
    NOTE the assumption.

     

    To take a couple of examples: USB is in about the same shape as any other bank, its solvency held up by the tenuous thread of Mark-to-Myth. And Kraft has let the quality of its flagship product REally slide lately.
    Neither of these icons of business Americana are likely to do well in an environment of "savage austerity".

     

    But the Buffet portfolio is full of these, being a largely one-sided bet on the survivability of the base status quo. Usually a fine bet. Not now.
    24 Oct 2010, 06:30 PM Reply Like
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