John Mackey’s Favorite Stocks Have Long Included Amazon


John Mackey and Steve Forbes

John Mackey, co-founder & CEO, Whole Foods Market, shared his model portfolio for busy investors recently and identified Amazon.com, Inc. (Nasdaq:AMZN), the Seattle-based online retail giant, as one of his favorite stocks and affirmed he liked the company long before it bought his organic grocery chain for $13.7 billion in August 2017.

Mackey praised legendary value investor Benjamin Graham, the mentor of Berkshire Hathaway(NYSE:BRK-B) Chairman Warren Buffett, for identifying and buying undervalued stocks before the strategy gained respect. The words of admiration for Graham and Mackey’s description of Buffett as possibly the greatest of all time (GOAT) among top investors reveals a risk-averse philosophy that could form the makings of a portfolio suitable for widows and orphans.

Buffett’s preferred holding period for any good business he buys through his Berkshire Hathaway parent company is “forever,” Mackey said.

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Paul Dykewicz, www.pauldykewicz.com, is an accomplished, award-winning journalist who has written for Dow Jones, the Wall Street Journal, Investor’s Business Daily, USA Today, the Journal of Commerce,Seeking Alpha, GuruFocus and other publications and websites. Paul is the editor of StockInvestor.com and DividendInvestor.com, a writer for both websites and a columnist. He further is the editorial director of Eagle Financial Publications in Washington, D.C., where he edits monthly investment newsletters, time-sensitive trading alerts, free e-letters and other investment reports. Paul previously served as business editor of Baltimore’s Daily Record newspaper. Paul also is the author of an inspirational book, “Holy Smokes! Golden Guidance from Notre Dame’s Championship Chaplain,” with a foreword by former national championship-winning football coach Lou Holtz.

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