Better Warren Buffett Buy: Coca Cola vs. American Express

Any investor would love to follow in Warren Buffett's footsteps, choosing stocks that over time will create a billion-dollar portfolio. The storied investor manages more than $257 billion in securities at the helm of Berkshire Hathaway and has generated market-beating returns over almost 60 years.While our portfolios may not hit the $1 billion mark, I have good news for you: Following some of Buffett's moves could help lift the value of your portfolio and shepherd you along the path to wealth. This means adding some of Buffett's investing principles to your own strategy -- for example, a focus on long-term investing -- and including a couple of his favorite stocks in your portfolio.So, let's get started by considering two players the billionaire has owned for decades: Coca-Cola (NYSE: KO) and American Express (NYSE: AXP). In Buffett's 2023 shareholder letter, he wrote: "During 2023, we did not buy or sell a share of either AMEX or Coke -- extending our own Rip Van Winkle slumber that has now lasted well over two decades. Both companies again rewarded our inaction last year by increasing their earnings and dividends."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool