For the Buffetologists

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    "OMAHA, Neb. (Reuters) - Warren Buffett, the billionaire investor, tipped two stocks he has been buying recently, and indicated that he would be interested in buying firms overseas if the chance came up. Buffett praised rating firm Moody's Corp. and tax preparer H&R Block at a media conference in Omaha, Nebraska, on Sunday, the day after the annual meeting of his insurance and investment firm Berkshire Hathaway Inc.. "They are both very good franchises," said Buffett, who bought sizable minority stakes in both firms over the past year or so. "They require little or no capital and earn good returns on capital employed." He added that both had good competitive advantages and little threat to their business, meeting some of the legendary investors' key criteria in buying stocks or companies. The stock recommendation is a rarity for Buffett, as he is currently pessimistic about good investing opportunities in the stock market."
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