Enjoy some hemp, sit back and watch the fireworks.
Could Warren Buffett’s Investing Strategy Include Marijuana Stocks?
Source: Motley Fool – Sean Williams
Few investors are as highly regarded — and as successful — as the Oracle of Omaha, Warren Buffett. In just over six decades, Buffett’s investing strategy has grown his wealth from about $10,000 to more than $71 billion. Not too shabby, right?
The secret to Buffett’s investing strategy is really no secret at all. In fact, Buffett’s primary path of success has merely been to locate high-quality businesses and stick with them over the long term. He understands that time is his most powerful ally and allows dividends and stock appreciation to work their magic over years and decades. This has transformed his conglomerate, Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) , into a $350 billion, highly diversified juggernaut.
Generally speaking, Buffett is a straight shooter. He likes to buy established brands whose products and services could practically sell themselves regardless of how skilled the management team happens to be. Buffett likes products with lots of demand around them — so it’s worth considering whether there could be room in Warren Buffett’s portfolio for marijuana stocks.
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