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GuruFocus Contest Results: Who Knows Buffett the Best?

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Once a quarter we host the contest of predicting what stocks Warren Buffett buys. We have reported recently that Warren Buffett bought $11 billion of stocks during the second quarter. We started the contest for the second quarter Warren Buffett stocks on 7/31, it was closed on 08/14. Now we announce the winners.

As we later reported, Warren Buffett’s Berkshire Hathaway bought into Bank of America (BAC), Dow Jones (DJ); added into its position in Wells Fargo (WFC), Burlington Northern (BNI), US Bank (USB), Johnson & Johnson (JNJ), The Procter & Gamble (PG), UnitedHealthCare (UNH), WellPoint (WLP), SanofiAventis (SNY). Some of the purchases may be from Lou Simpson. Since we cannot distinguish whether they are from Warren or Lou, we consider that all of them are bought by Warren Buffett.

We had 68 participants because we close the contest. Some of the participants listed more than three stocks in the contest. In the case we only use the first three of the stocks they predicted.

Here we are very glad to announce the winners of the contest! The Winners Are:

Congratulations!!

Each winner wins a copy of great investment book choosing from this list:

Winners, please contact us with the book you choose, your name and mailing address. The book will be sent to you in 2-3 weeks.

It is interesting to note that Warren Buffett is much more active buying stocks in recently months than before. The market’s correction in July and August certainly gives him more opportunities. We believe Warren Buffett has been buying recently, since the recent correction is more severe in financial sector, which is where Buffett’s circle of competence is.

We will host the contest again next quarter. Before that, do your homework researching companies. Doing this during a correction can be more rewarding. As pointed by our columnist Steve Selengut, you may spell CORRECTION as O-P-P-O-R-T-U-N-I-T-Y. The win from that can be much bigger. Good luck!


Rating: 4.0/5 (10 votes)

Comments

gurufocus
Gurufocus premium member - 7 years ago
We have received responses from the winners. The books they claimed:

Dew_nay: David Dreman: Contrarian Investment Strategies in the Next Generation.

Traderatwork: Benjamin Graham: The Intelligent Investor

Kapil007: Benjamin Graham: The Intelligent Investor

We have ordered the books from Amazon. They will be shipped directly to the winners.

Please leave your comment:


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