Warren Buffetta investment in Coca-Cola (Nyse: KO) was excellent Berkshire Hathaway since 1994 and is FTSE 100 Stocks that I think have many similarities.

His Games Workshop (LSE: GAW) – Stocks that I keep in my portfolio. There is only one thing that stops me from buying more, but maybe it’s a mistake.

Brand power

The risk associated with stocks such as the Coca-Cola and Games workshop is that nobody needs their products. In other words, there is no reason why people have to buy everything they do.

There is no issue of this risk, but for years he has not stopped Coca-Cola. The company’s strength means that customers do not want to trade – even at lower prices.

Games Workshop has a similarly forceful brand, and its intellectual property means that its products cannot be carefully copied. His customer base is committed, but it is niche and it is a risk to be aware.

The strength of these assets should not be underestimated. Although his products are discretionary, his clients proved to be extremely resistant, even during economic slowdown.

Capital lithe

The Light Light’s Coca-Cola business model is another great advantage. Outsourcing of bottling operations for local franchisees means that they do not have to invest in production plants.

This allows you to return cash to shareholders through dividend and games workshops is also overdue in this respect. The company regularly distributes most of its net income to investors.

Importantly, this did not happen at the expense of growth. Over the past 10 years, the profit per share has been on average over 30% per year, which is extremely impressive.

According to Buffett, there is a great business, distributing cash to shareholders. And Workshop Games fits this description better than any resources of Great Britain I can come up with.

What not to like?

As I said, I organize Games Workshop. But I did not buy it lately because I do not think it looks particularly low-cost in terms of price to profit (p/e) of 29.

Am I too careful? Buffett said that the basic activity is more essential than the price of shares and to some extent it is illustrated in the Coca-Cola investment in Berkshire.

Buffett began to buy Coca-Cola shares in 1988, when the actions were recovering after a market accident. But the Oraci Omaha did not stop buying, even when it was 200% higher in 1994.

The durability and potential of the company’s growth meant that it was still a good investment, even when the price of the action increased. And maybe I should take a similar view with the Games workshop.

Investing like Buffett

When Buffett is preparing to retire with Berkshire Hathaway, World Investing has a lot to look. And I try to listen to Oracle of Omaha’s advice with my own investment.

High valuation is a real risk. This means that there is not much opportunities for anything to go with the disappointing premiere of the product or update.

The basic business is still developing, and its competitive advantage seems to be definitely intact. And this combination was the winner of Buffett from Coca-Cola.