> I think it's imprudent for the average retail investor to take on and action Buffets advice in most contexts, except for his "just put your money in an index" advice.
Historically, Buffett bought undervalued companies, and sometimes ran them.
Generally dull and boring companies with a long, profitable history and low P/E ratios. Or that's what he says in his book. But look at what Berkshire Hathaway owns today.[1] 45% of their portfolio is AAPL. Nothing else is above 10%. The railroads and Acme Brick are gone from the portfolio.
Historically, Buffett bought undervalued companies, and sometimes ran them. Generally dull and boring companies with a long, profitable history and low P/E ratios. Or that's what he says in his book. But look at what Berkshire Hathaway owns today.[1] 45% of their portfolio is AAPL. Nothing else is above 10%. The railroads and Acme Brick are gone from the portfolio.
[1] https://money.usnews.com/investing/stock-market-news/article...