This is the time to buy andd hold on to solid blue-chips. Buy shares of good businesses that generate real profits, attractive returns on equity, have low to moderate debt to equity ratios, improving gross profit margins, a shareholder-friendly management, and at least some franchise value.
Tagged: Berkshire Hathaway
Warren Buffett’s Berkshire Hathaway, which has avoided major acquisitions in the financial sector in recent months, may have had a $3.5 billion two-day paper profit on six major banking and financial services investments.
If investing in wonderful companies at fair prices is good enough for Warren Buffett — arguably the finest investor on the planet — it should good enough for the rest of us.