Could Buffett Buy In The UK Again?
Warren Buffett is probably the world’s most famous and successful living investor, yet unlike the more flamboyant and high profile hedge fund managers, he shuns risk and sticks to buying stakes in sensible businesses.
That his approach works is beyond doubt; his company Berkshire Hathaway has produced gains of close to 20% for nearly four decades. His personal stock portfolio generates a dividend income of around $60m each year and he’s thought to have a $40bn personal fortune.
What’s even more impressive is that Buffett doesn’t usually even bother to look outside his home market, the US. Given all of that, the fact that he has spent more than $1bn building up a 5% stake in Tesco in recent years is even more impressive.
All of this got me wondering if there are any other UK companies that might tempt him to open his wallet, should they fall out of favour in the way that Tesco has done recently. I did come up with one possible answer- a big FTSE 100 company with businesses in the UK and the US – but you will have to read my latest Motley Fool article to find out who it was.
Click here to read the full article – I can promise you that it’s a company that should serve any long-term investor very well indeed.
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