I Am Buying American: American Express 💳

American Express is a classic that never goes out of fashion. Buffett is exiting financials by selling banks but he keeps his American Express stock. This must tell you something. It does to me!

It is simple.

It is boring.

It is consistent.

It is American. It is American Express and it is so attractively priced that it is impossible to ignore it.

It is one of the highest quality stalwarts out there. You may ask, what the hell is a stalwart?

Here is what it means 👇

What you see is a business that had its ups and downs but managed to grow consistently…