Even as Warren Buffett prepares to officially retire as CEO of Berkshire Hathaway Inc. (NYSE: BRK.B), investors are likely to continue to honor his legacy by emulating his investing strategies. One of the hallmarks of Buffett's approach is identifying exceptional stocks and maintaining positions in them for a long time—even decades in many cases. For many investors, a buy-and-hold approach works well in that it minimizes the temptation to trade impulsively or too often.
A critical challenge to buy-and-hold investing is selecting appropriate companies to target. Each investor's stipulations for what constitutes an attractive hold-forever stock are different, but one common consideration is whether a company represents a good value. Consider the four companies below, all of which offer a compelling investment proposition at a bargain price.
