Although Warren Buffett has never explicitly spelled out his investment approach, he has provided a summary of it. Essentially, Buffett's approach is to buy well-run companies while they are attractively priced, and then hold for the long term. That's what he did with the high-yield stock featured below, and you can do so too, now that it appears attractively priced again.

Which Buffett stock should you buy?

Buffett owns a portfolio of stocks within Berkshire Hathaway ( BRK.A +0.85% ) ( BRK.B +0.77% ) , his primary trading vehicle. One of the most attractive right now is integrated energy giant Chevron ( CVX 0.48% ) . It is a stock that Buffett has owned for many years, but given the laggard performance of the energy sector of late, Chevron again looks like an a

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