The following video is from this week's MarketFoolery podcast, in which host Chris Hill, along with Jason Moser and Joe Magyer, discuss the latest business news. This week, CNBC's Becky Quick interviewed Warren Buffett at the annual Allen & Co. conference in Sun Valley, Idaho. The "Oracle of Omaha" was not his usual optimistic self as he made cautionary comments about Europe and the U.S. housing market. In this segment, the guys analyze Buffett's remarks and share why it's more important than ever for investors to be patient. With that in mind, the guys share four stocks, including and Berkshire Hathaway, that they believe will reward patient investors.

Part of Buffett's success has been his ability to pick up shares of a company at a bargain-basement price. To find stocks like that just check out The Motley Fool's free report "2 Dirt cheap Stocks with HUGE Dividends." You can get analysis of a market leader in payment systems and a high-yielding energy company by accessing this report. It won't be available forever, so click here -- it's free.

Chris Hill owns shares of The Motley Fool owns shares of, JPMorgan Chase, and Berkshire Hathaway. Motley Fool newsletter services have recommended buying shares of, Berkshire Hathaway, and Goldman Sachs. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.