American Express - Why Buffett likes it more than Visa and Mastercard?

American Express is one of Warren Buffett's longest-standing bets. For over three decades, Berkshire Hathaway has held onto AmEx, through recessions, market crashes, and massive shifts in the payments industry. This is interesting given that AmEx operates a far smaller network than Visa and Mastercard.

So what makes AmEx different? Why has Buffett never sold? And how does a company with fewer cards and lower acceptance still generate outsized returns?

Listen to American Express' interesting story in this season finale.

Zerodha Varsity on Social Media:

Instagram: https://www.instagram.com/zerodhavarsity/

X: https://x.com/ZerodhaVarsity

YouTube: https://www.youtube.com/@varsitybyzerodha

Disclaimer: The stocks or financial instruments discussed in this podcast are meant for educational purposes only. Please do not consider them recommendations or financial advice of any form.