Most investors would like to emulate Buffett’s investing style in their portfolios, which is not easy, but we can certainly learn from his strategies. In the past, Buffett invested in undervalued companies with great potential, which he called “cigar butts.” However, his thinking later evolved to “it’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”
The Oracle of Omaha avoided investing in tech companies earlier in his career but changed his stance later. Apple AAPL, which is now Berkshire’s largest stock investment, was praised by Buffett as “a better business than any we own.”
This post originally appeared on 24/7 Wall St.