Money One boring stock Warren Buffett might have owned if he were Canadian

22:10  17 may  2018
22:10  17 may  2018 Source:   fool.com

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Warren Buffett ’s affinity for boring stocks is hardly a mystery. Jamieson Wellness Inc. (TSX:JWEL) is one company that fits the bill as a boring stock that Warren Buffett may have considered if wanted to invest in Canada .

Warren Edward Buffett (born 30 August 1930) is an American investor and the CEO of Berkshire Hathaway. I call investing the greatest business in the world … because you never have to swing. You stand at the plate, the pitcher throws you General Motors at 47!

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Warren Buffett’s affinity for boring stocks is hardly a mystery. The sleep-inducing businesses behind these stocks typically possess easy-to-understand business models and a predictable long-term earnings-growth trajectory, leaving less room for error when considering inputs for financial models versus a more exciting growth play.

Typically, such boring stocks may also have a wide moat built around their businesses in the form of an exclusive brand or a reputation that’s been developed over the several decades. In the age of technological innovation, it’s become vital to possess a moat in order to give investors peace of mind if they intend to implement a buy and hold strategy.

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It's easy to see why Warren Buffett is considered the greatest investor of all time. He later said he should have bought Alphabet or Amazon, instead. Even Buffett 's own personal tastes seem to color his stock picks.

FREE EBOOK: Learn to invest like Warren Buffett with this free book of quotes! It is possible for the stock market to price things wrong! 17) Make Your Own Forecasts. “Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”

Jamieson Wellness Inc. (TSX:JWEL) is one company that fits the bill as a boring stock that Warren Buffett may have considered if wanted to invest in Canada. Jamieson is Canada’s oldest and largest manufacturer and distributor of vitamins, minerals, and supplements (VMS). Although the company just kicked off its IPO last year, it’s worth remembering that Jamieson has been around the game for nearly a century and has developed a remarkable reputation and brand.

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It's easy to see why Warren Buffett is considered the greatest investor of all time. He later said he should have bought Alphabet or Amazon, instead. Even Buffett 's own personal tastes seem to color his stock picks.

Buffett often gives guidance that provides insight into his own successful investing mindset: "You are neither right nor wrong because the crowd disagrees Warren Buffett 's investing methods have some common themes; among them, he insists that buying stock in fewer companies serves investors better.

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Vitamins, minerals, and supplements are just commodities. No firm can patent vitamin C, so as you’d imagine, there’s a swarm of competitors from all corners fighting for a piece of the VMS pie.

Thus, just how has Jamieson been able to separate itself from the crowd to become the preferred brand of supplements for Canadians?

Canadians don’t just reach for the green-capped supplements in the pharmacy aisle because it’s their favourite colour. The Jamieson brand is built on many decades of trust, which has created a profound level of customer loyalty that continues to strengthen year after year. As a public company, Jamieson can really put its foot on the gas when it comes to marketing campaigns, thereby helping the company increase its Canadian VMS market share.

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These stocks are in Warren Buffett 's crosshairs. Should you be worried? Clearly, he believed that the long-term opportunity associated with crunching actuarial data for insurers was undervalued in the IPO, but he might not think that anymore.

And even better for warren Buffett , he has been PAID to use this OPM or borrow money. This further boosted his returns. He has had a zero to negative cost of borrowing. In summary, even though the stock you and Mr. Buffett bought may have gone up the same 5% for the year, he ’s achieving

Many of us would grab the green-capped Jamieson vitamins without thinking too much of it, even though a far cheaper alternative may be right beside it. You could save a buck or two by going for a lesser-known competitor, but given the assurance of quality, the premium is well worth it for many consumers.

Supplements from other manufacturers as notorious for manufacturing less potent supplements that fail to live up to the promises to consumers. With various fillers being introduced into supplements, the actual amount of a particular supplement may be as low as 9% of the amount that’s stated on the actual bottle’s label according to JAMA Internal Medicine.

With this in mind, there’s no question that Jamieson’s investment in quality control allows its products to have a durable competitive advantage over many of its peers in the space. Warren Buffett loves firms with reputations for integrity. Combine that with its predictability, wide moat, and several long-term growth prospects and you have a business that Warren Buffett may have considered if he were domiciled in Canada.

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These fours stocks might have been Buffett buys fifty years ago, when he was starting out and could benefit from small caps. Four Warren Buffett Stocks Trading Under . Bargain Hunting for Stocks Under .

Warren Buffett doesn't recommend going into debt to buy stocks . But that's exactly what investors are doing in record numbers. Berkshire Hathaway"This table offers the strongest argument I can muster against ever using borrowed money to own stocks ," Buffett said.

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Canada’s answer to Amazon.com

You’ve probably never even heard of this up-and-coming e-commerce powerhouse headquartered in Eastern Ontario…

But, despite coming public just last year, it’s already helping the likes of Budweiser… Tesla… Subway… and Red Bull move $9.9 BILLION (and counting) worth of goods online each year.

And now it’s caught the eye of the legendary investor who got behind Amazon.com in 1997 — just before it shot up over 23,000% and made investors like you and me rich beyond their wildest dreams.

Click here to discover why this investor says it’s time to buy.

Fool contributor Joey Frenette has no position in any of the stocks mentioned.

This is Warren Buffett’s go-to order at this famous steakhouse .
Hint: It includes Cherry Coke.MCD

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