Warren Buffett has a very simple way of selecting a stock and that is to find a profitable stock and than look at the price of the stock. If you do it otherwise, you are most likely not to enter in the stock as price is going to scare you. Also remember that the way Warren Buffett is selecting stocks which may not suit your investment perspective as he is flush with cash and you may or may not be and thus risk profile needs to be considered while going the Warren Buffett way. Watch the video and get the requisite advice from the horse's mouth.