This Warren Buffett-Inspired Investor Just Loaded Up on 2 Beaten-Down Stocks in His Portfolio

Warren Buffett famously said that most investors would be better off if they only had a punch card with 20 slots, adding up to the total number of investments they could make in their lives. While this may be an extreme example to illustrate a point, the philosophy still stands. Investors generally get into trouble by trading too much and would benefit from patient, buy-and-hold stock picking approaches in the punch card manner.One investor took this lesson to heart: Norbert Lou. The investor started a fund called Punch Card Management that only makes a select few investments. Surprisingly, last quarter Punch Card Management had two new stocks added to the portfolio in Crocs (NASDAQ: CROX) and PayPal (NASDAQ: PYPL). Does that mean you should follow Lou and buy these stocks for your personal portfolio? A mainstay of the financial technology space since the beginning of the internet, PayPal is now under new management and has a comprehensive strategy to provide financial services to both merchants and individuals. Included in its brand portfolio are personal finance app Venmo, the namesake PayPal service, and merchant payment processor Braintree. Previous management acquired many businesses, but new CEO Alex Chriss has begun a retrenching strategy after joining PayPal two years ago to simplify its operations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool