You would be hard-pressed to find a list of higher-quality or better-known companies than those owned by Warren Buffett‘s Berkshire Hathaway. That’s why many investors across the globe pay close attention to what Berkshire Hathaway buys and sells in any given quarter. If you’re looking for Warren Buffett stocks worth buying now, three Motley Fool contributors think you should take a closer look at Facebook (NASDAQ:FB), General Motors(NYSE:GM), and Visa (NYSE:V).
The 21st century’s newspaper
Jeremy Bowman (Facebook): Warren Buffett was long a fan of newspaper stocks. Berkshire Hathaway owns his hometown Omaha World-Herald; he was a longtime investor in The Washington Post, and in 2012 Berkshire Hathaway acquired Media General, the parent of dozens of daily newspapers around the country.
Buffett historically liked the local monopolies that many newspapers enjoyed, as they were a crucial source of local news and enjoyed a bumper advertising business due to their unique position in the community.
However, in the 21st century, all that has changed. Buffett well knows it, and he’s become bearish on newspapers, with the exception of a few standouts like The New York Times.
The company more responsible for that disruption than any other is Facebook, which has built a monster advertising business with the help, ironically, of newspapers that feed content into its portals.
In addition… Continue reading at Fool.com