AXP
💰 American Express is highlighted as a prime example of Buffett moving towards investing in high-quality businesses, even at fair, not necessarily bargain-basement, prices.
⏳ This investment illustrates the principle that time favors exceptional businesses, justifying paying more for quality compared to mediocre ‘cigar butt’ stocks.
🤝 The mention alongside Coca-Cola suggests it shares characteristics Buffett values, such as a strong brand or durable business model, suitable for long-term holding.
@adriarivero:
“Influenced by Charlie Munger, Buffett realized that time works in favor of exceptional businesses and against mediocre ones, even if they are cheap. Therefore, he started investing in excellent businesses like Coca-Cola or American Express, paying somewhat higher but fair prices in exchange for a higher quality business model.”
Watch the exact part of the video where @adriarivero talks about American Express here:
Watch the video on YouTube
Read more articles featuring the most recent analysis of American Express (AXP) at this link: AXP stock.
