Warren Buffett (Trades, Portfolio) makes big bets on companies that have large protective moats around their business. One of the very best types of moats is a bullet-proof brand that is entrenched globally.
The perfect example is Coca-Cola (KO, Financial) which Buffett made a huge investment in during the late 1980s and early '90s and still holds today.
Here is fellow value investor Tom Russo (Trades, Portfolio) talking about the power of brands:
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