Warren Buffett, the legendary value investor, is all about the long game. He loves picking top-notch companies that are trading at a discount, then reaping the rewards over time. While most investors are familiar with big-name Buffett stocks like Apple (AAPL) and Coca-Cola (KO), one relatively under-the-radar company that has more recently earned Oracle of Omaha's approval is StoneCo Ltd (STNE), a fintech firm focused on the Brazilian market.
The booming Brazilian payments industry is expected to grow by 16.5% annually to hit $200 billion in transactions by 2027. But while the long-term forecasts are encouraging, it hasn't been smooth sailing since Buffett's Berkshire Hathaway (BRK.B) added STNE to its legendary portfolio during the October 2018 IPO.
