4 Stocks That Mimic Buffett and Berkshire Hathaway

These Berkshire Hathaway look-alikes may deserve a spot in your portfolio.

Editor's Note: Berkshire Hathaway's annual meeting convened on May 5, 2012. If you couldn't attend, you can still follow up on the weekend's festivities as reported on Twitter: #BRK2012. And consider these four look-alikes in honor of the gathering.

What is it that makes Warren Buffett a guru to investors—including other gurus? One simple answer is that he has an eye for a bargain and the patience to wait for it to pay off. But the CEO of Berkshire Hathaway (symbol BRK-B) since 1970 is not the only boss with Buffett-esque qualities. There is a cadre of smart executives who experts say can match Buffett at his own game. They run companies that have cobbled a mix of businesses into profitable conglomerates, or they earn impressive returns on a portfolio of securities—or both.

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.