Buffett's Best

Warren Buffett,a grandfatherly billionaire,says the economic crisis is not a short run phenomenon.We are already in a recession.The Federal Reserve did the right thing in bailing out Bear Stearns(BSC),but the U.S. dollar will continue to drop for the next 10 years.Nonetheless,he continues to look for a business he can understand,at a sensible price and with a durable competitive advantage-a business he can trust,such as Coca-Cola(KO),American Express(AXP),Procter and Gamble(PG),Burlington Northern(BNI) and Johnson and Johnson(JNJ).He has added them to his portfolio.Mr.Buffett is very fond of cherry Coke.