Investors always pay special attention to which Warren Buffetta shares Berkshire Hathaway He buys – whether the general director himself makes decisions. And he stands out to me.

Constellation brands (NYSE: STZ) looks like a classic example of being greedy when others are afraid. But despite the decrease in stocks over the past year, I stay away from it.

Constellation brands

This is one of the largest American alcohol and marketers producers. And the industry as a whole looks like it is currently in a transitional phase.

One of the greatest achievements is a well -documented change towards more premium products. This happens throughout beer, wine and ghosts.

The constellation brands are not unaware of constant changes. The company wants to set its portfolio to adapt to this trend by selling some of its cheaper lines.

It looks like a good strategy for me. But there is another continuous trend that looks more problematic, which includes beer and wine of loss of market share with ghosts.

This is a problem for a company where beer is 85% of general revenues. Despite the growth of some premium divisions, the category as a falling is a massive problem.

Berkshire investment managers can see something, but I don’t know what it is.

Diageo

In Great Britain, Diageo (LSE: DGE) will also fight challenges for the alcohol industry in general. They include the growth of GLP-1 drugs that could burden general demand.

However, I think that FTSE 100 The company has a more attractive portfolio to deal with these threats. Its sale comes mainly from ghosts, with a smaller contribution of beer and wine.

The strength of the Diageo’s Spirits portfolio is well documented. But even in a relatively tiny wine branch, the company is heavily positioned towards the luxurious end of the market.

By a joint undertaking with Moët Hennessy Louis VuittonDiageo has access to some of the best champagne names. They include Pérignon houseIN Moët and ChandonAND Veuve clicquot.

Its division of beer consists primarily Guinnesswhich some analysts speculated that the company may want to sell. But I don’t think that this would be particularly welcome development.

Guinness Sales were recently powerful, emphasizing the change of premium line in various categories. So I think that the division is another reason for optimists as to the Diageo portfolio.

Discount in Great Britain?

Many last remarks focused on trade in actions in Great Britain with lower multiples than their American counterparts. But this is not of course in the case of Constellation Brands and Diageo.

Despite the lower dividend efficiency and a higher price -profit ratio (P/E), Constellation Brands trades many times than in a lower tardy cash flow than its counterpart FTSE 100. This means that – under one significant respect – the supplies are cheaper.

However, I think Diagueo is in a larger position to deal with the challenges that the alcohol industry faces. That’s why these are the actions I bought for my portfolio.