One of the most important aspects of investing like Buffett is to hold on to stocks for the long term. Legendary investor and Berkshire Hathaway CEO Warren Buffett announced recently that he'll step down from leading his company at the end of this year.

Warren Buffett's buy-and-hold investing style consistently beats the market. You don't need to be a billionaire to invest like the Oracle of Omaha. If you're looking for solid investing advice, one of the best sources is the legendary Warren Buffett.

While some top Buffett stocks have done well this year, these three, including a Magnificent 7 member, have been hammered. Is it time to buy?