Published On May 13, 2024
Full list of 31 stocks here: https://drwealth.beehiiv.com/c/31buffett
One key point mentioned by Buffett at the 2024 AGM was, "The economic goal of Berkshire is to increase operating earnings and decrease the shares outstanding."
I translated Buffett's philosophy into a practical stock screening process:
📈 Positive operating earnings compound annual growth rate (CAGR) in the past 10 years.
🔽 Negative shares outstanding CAGR over the past ten years.
💰 At least $50 billion market cap.
🏰 Have Morningstar wide moat rating.
🇺🇸 Only US stocks.
⭐ Valuation: at least a 4-star rating by Morningstar.
I identified 31 stocks that met the first five criteria, and only 4 stocks satisfied all six criteria.
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