Warren Buffett is the biggest icon to ever grace the investment arena.

This guy is a living legend. Everybody knows him and recognizes his genius.

On any given day, he is the wealthiest man in the world.

The Oracle is one of my heroes. I have followed and studied him for years. In my opinion, his style of investing, value investing (buy stocks of companies that are “on sale”), is the best way for individual investors to succeed.

Recently, I have been using part of Buffett’s value strategy for a portfolio I manage for retires and semi-retirees. It’s called the Ascension Income Maximizer.

It was Buffett-like thinking that led me to buy Kinder Morgan (KMI). The stock price has fallen over 60% over the last year, due to the decline in oil prices and Kinder Morgan’s debt. However, Kinder Morgan is the biggest pipeline company in the United States. The company’s revenues are not tied to the price of oil. Rather, they get paid to transport oil from the oil field to the refinery. I mentioned Kinder Morgan in my Dec 17, 2015 email, titled “Fed Interest Rate Hike and Beyond”.

Clearly, I have been tracking Kinder Morgan for some time now, just like a tiger stalking its prey. I decided to pounce on Kinder Morgan, in late January.

To my surprise, Warren Buffett had been stalking KMI, too. I’ve read an article on Bloomberg.com that stated Berkshire Hathaway (Buffett’s holding company) had bought 26.5 Million shares of Kinder Morgan. The deal was reported to be worth approximately $395.8 million. Looks like Buffett share price cost, is $14.92.

The market sees Buffett’s investment in Kinder Morgan as a serious buying signal, which caused the stock price to jump approximately 10% today closing out at $17.18. Today jump would bring the value of Buffett’s investment in Kinder to $455 Million. That’s a increase of almost $60 Million, since the last quarter of 2015.

Clearly, I was riding on the Buffet wavelength, but I didn’t pull the trigger until late January. Better late than never, right?

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