Warren Buffett is known as “the Oracle of Omaha” for good reason - the Berkshire Hathaway CEO has accumulated a gargantuan amount of wealth (around $160 billion) thanks to a very cautious and studied business and investing acumen.

Key Points As this is Berkshire’s second-biggest position, Buffett has certainly found some traits he appreciates. This premium credit card brand boasts superb charge-off rates that are the envy of the industry.

Perhaps that’s one reason stocks are selling off globally this morning. While most indexes in Asia and Europe remain near their all-time highs, there is broad-based but mild selling in all of them.