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The 4 Stocks Warren Buffett's Genius Partner Is Buying

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

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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

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Stocks Mentioned

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

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

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