There are some great ASX shares to buy for Warren Buffett-like value investors right now. The S&P/ASX 200 Index (ASX: XJO) is down 13.60% this year and is going from bear to bull on an almost daily basis.
That volatility and market noise is good for experienced investors. Here are a few ASX shares I think even the 'Oracle from Omaha' couldn't ignore at today's prices.
3 ASX shares even Warren Buffett couldn't ignore
There's no doubt Buffett is one of the world's greatest ever investors. He keeps things simple, looks for strong earnings potential and creates value through ownership.
Now, if you're a Fool with $5,000, you won't be able to effect great strategic change today. But what you can do is invest in undervalued ASX shares with strong earnings potential.
I like the look of CSL Limited (ASX: CSL) right now. CSL is a leading biotech group with a $130.77 billion market capitalisation. With a strong research and development pipeline, and after falling 6.38% lower in yesterday's trade, CSL shares could be in the buy zone.
Another ASX share worth a look today is Wesfarmers Ltd (ASX: WES). Wesfarmers is a diversified conglomerate that is sitting on a big pile of cash after selling a $1.1 billion stake in Coles Group Ltd (ASX: COL).
Wesfarmers is in a strong financial position and is looking to restructure its underperforming Kmart Group segment. That could be good news for investors like Warren Buffett who like to see efficiency and strong cash flow.
Finally, I like National Australia Bank Ltd. (ASX: NAB) shares right now. NAB shares are down 23.3% this year, at the time of writing, but could bounce back as we begin to recover from the coronavirus-led economic fallout.
Despite some regulatory headwinds and intensifying competition, I think NAB will continue to churn out dividends for shareholders in years to come.
Foolish takeaway
These are just a few of the ASX shares that could be undervalued right now. Warren Buffett has proven to be a patient investor who isn't afraid to sit and wait for the right opportunity.
