Buffett just got one of the rare opportunities to buy an industry giant for a bargain price.

Warren Buffett's investing method is often touted as being in the value camp , but he credits Charlie Munger for changing his tune, from looking for deep-value stocks to finding great companies at fair prices. However, when a deep-value opportunity presents itself, Buffett is quick on the uptake. He's really the ultimate contrarian investor , buying stocks that have strong fundamentals that are on the outs with the market.

He made a splash last week with the news that Berkshire Hathaway ( BRK.A 0.04% ) ( BRK.B -0.01% ) took a position in UnitedHealth Group ( UNH 1.11% ) . Let's take a look at what attracted his attention and dollars, and why this is the ultimate Buffett

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