The Warren Buffett Stock You Have to Own

Stock quotes in this article: GOOG , KO , EBAY , PG , WFC , BAC , WPO  

Updated from 12:17 p.m. EDT

When people look at Warren Buffett's portfolio, which includes such stocks as Coca-Cola(KO Quote) and Procter & Gamble(PG Quote), they typically want to own the latest stocks he's been in, and they neglect the older guys. They want to know if Wells Fargo(WFC Quote) or U.S. Bancorp(USB Quote) are the right financials to own. Or if Johnson & Johnson(JNJ Quote) is the right health care stock.

But there is a hidden gem in the older stocks.

First off, let's summarize Buffett's most-recent picks, then find the growth stock that is buried in one of his original value plays.

To read more, and to find out which Buffett pick you have to own, please click here.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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