Chubb trades at a hefty price-to-book value of 1.75, which is near the high end of its five-year median. Still, given its record revenue and earnings, robust balance sheet, and shareholder-friendly history, the stock appears deserving of its high valuation.

Here's a look at Warren Buffett's investing strategy along with stocks that have a projected rate of return of at least 15%.

Investors have gotten excited about the potential of artificial intelligence (AI) and piled into stocks in the field, and they've become more optimistic about the economy as the Federal Reserve launched interest rate cuts this fall.