Please ensure Javascript is enabled for purposes of website accessibility

The 4 Stocks Warren Buffett's Genius Partner Is Buying

By David Hanson and Matt Koppenheffer - Updated Sep 25, 2018 at 12:21PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Warren Buffett’s No. 2, Charlie Munger, loves these four stocks.

Around the world, investors wait with bated breath for insight as to what stocks Warren Buffett, one of the greatest investors of all time, has been buying. While it may not receive the same amount of media hoopla, the stocks Buffett's No. 2, Charlie Munger, has been scooping up are just as interesting.

Munger is best known for being the vice chairman of Berkshire Hathaway (BRK.A 2.10%) (BRK.B 2.12%) and Buffett's longtime investment partner, but he is also the chairman of Daily Journal Corporation. Being only a $200 million publishing company, Daily Journal is unlikely to catch many investors' attention, but Munger is the main force behind the company's investment decisions.

Open bank vault

Image source: Getty Images.

Earlier this week, for the first time, Daily Journal revealed which stocks the company holds. Much like Berkshire Hathaway's holdings, the portfolio is heavily invested in financial stocks. Daily Journal's biggest position, like Berkshire, is Wells Fargo (WFC 0.64%), at over 60% of the portfolio. Bank of America (BAC 0.95%), U.S. Bancorp (USB 0.69%), and Posco round out the holdings.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss Munger's picks, what it says about value in different pockets of the stock market, and why investors should pay attention to Munger's wisdom.

Daily Journals Stock Portfolio | Create Infographics

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Bank of America Corporation Stock Quote
Bank of America Corporation
$37.02 (0.95%) $0.35
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$478,669.51 (2.10%) $9,864.47
Wells Fargo & Company Stock Quote
Wells Fargo & Company
$45.89 (0.64%) $0.29
Berkshire Hathaway Inc. Stock Quote
Berkshire Hathaway Inc.
$319.11 (2.12%) $6.61
U.S. Bancorp Stock Quote
U.S. Bancorp
$52.50 (0.69%) $0.36
Daily Journal Corporation Stock Quote
Daily Journal Corporation
$277.97 (-0.76%) $-2.13
POSCO Stock Quote
$59.06 (0.79%) $0.46

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/29/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.