The cheapest oil major. Buffet owns 1%, recent addition.

reasonably cheap at approx 12x 2007 earnings. Exposure to a number of high growth global sectors. Oil and gas production, iron and coal production, power generation, recent agreement to jointly develop uranium mine in Russia. This company has its figure in so many pies, has been around since 1700's: japanese and asian consumer businesses, property and insurance. Company states that is on plan to considerably increase earnings over the next few years. May increase its dividend after 2008.

Duopoly. Good inflation protection. At USD9 has 6% yield. Cash generating machine. Large moat to entry.

A lasting brand at a knock down price.

Fertiliser. Cheap valuation @ USD18. Low debt. reasonable yield. Low gas cost producer. Backed by the Norwegian government.

European P&G. But, in mid 20's is cheaper