Author: Brad Briggs, StreetAuthority

While it is nearly impossible to neatly distill all of Buffett’s wisdom into any single book or article, we can study some of the key concepts and fundamental criteria that underpin his time-tested approach to investing. Today, we will outline the seven key traits that Buffett looks for in an investment, and show you how to put that knowledge to work in your own portfolio.

Any bursting bubble is usually preceded by a period of euphoria. And what’s happened with the market these past few years doesn’t feel like that.

This is a must-own stock for just about every investor.

There’s one distinct advantage you and I have over Buffett…