Three US stocks for patient investors

Professional investor Russell Cleveland looks for companies with good management - who are shareholders themselves, who have vision, and whose companies are profitable. Then he follows the gospel Warren Buffett has been preaching for the last 50 years - patience. Here, he picks three stocks that should pay off in the long run.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week: RussellCleveland, manager of the RENN Universal Growth Investment Trust.

My basic approach has always been to find value stocks, with good management, and then be patient the style Warren Buffett has been preaching for the past 50 years. How do you find good management? We look for managers who are shareholders themselves, who have vision, and whose companies are profitable.

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