In Berkshire Hathaway's (BRK.B) 2004 annual shareholder letter, chairman and CEO Warren Buffett wrote, "…be fearful when others are greedy, and greedy only when others are fearful," when explaining his investment philosophy. Now, as the stock market remains jittery as investors worry about the stability of the credit markets, an analysis of Berkshire's form 13-F indicates that the conglomerate has indeed been getting a little greedy as of late.
While managing Morningstar's Ultimate Stock-Picker's Portfolio, I routinely scan the holdings of Berkshire, which is essentially the stock picks of Warren Buffett and Lou Simpson, his colleague at auto insurer GEICO, for enticing ideas. As I've said many times, both have impressive investment track records, and I believe that investors can often find some attractive investment bargains by using the stocks in their portfolio as a starting point for research. To continue receiving my analysis of these ideas, please be sure to sign up for my free e-mail alerts if you haven't already done so.
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