The Best Warren Buffett Stock to Buy With $1,000 Right Now

Warren Buffett is perhaps the greatest investor of all time. It's not surprising, then, that every move he makes and the portfolio he manages as the CEO of Berkshire Hathaway are carefully scrutinized. Buffett's conglomerate owns plenty of excellent stocks. One of the best to buy might be Visa (NYSE: V), a well-established financial services company. Here is why Visa is a great stock to buy.Millions of credit and debit cards in circulation are branded with Visa's logo. That might lead some to think that the company issues these cards itself. But that's not the case. Visa owns a payment network that facilitates card transactions. It serves as an intermediary between merchants, their banks, and the financial institutions that do issue credit cards to consumers, also known as issuing banks.When people swipe (or tap) their cards at a point-of-sale system, their information is routed through Visa's network and approved or rejected based on various details. Visa gets a fee as a percentage of the transaction amount for its role in all this. So, the more transactions, the more money the company makes.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool