Not WB, one of his 2 lieutenants.
Buffett was referring to either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.
FB is developing a cryptocurrency-based payment platform that could rival Appleās own payment system, Samsung Pay, Google Pay, PayPal, AliPay, Wechat Pay, PayPal, SQ, ā¦ everyone is onto fintech 
Hurry up Zuck!!
These news are not able to push overbought FB to a new 52-week high.
It will.
How many shares do you have?
@wuqijun time for you to add AMZN.
WB said investing in AMZN Value investing. Well as an index for 
Is he the Monk or the Monkey?
I had 2 chances to invest in Amzn. Back in 2016, I had the chance but decided to go for Nflx instead. Last year, I had the chance but decided to go for Tsla instead. So maybe Amzn is destined not to be my holding.
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Since Aug 28, 2017,
NFLX +130.39%
AMZN +107.44%
AAPL +31.14%
GOOG +29.72%
FB +16.88%
FAANG +63.43%
Apparently WBās 2 outstanding lieutenants are not able to beat the no-brainer S&P index 
Anyone who buy Jim Cramerās recommendations beat those two easily.
Thatās why itās not a good idea to buy Amzn just because WB decided to go into it. It has to be some other reason.
Itās a long marathon. Berkshire usually lags in bull markets. So itās not surprising it loses to s&p for the last 10 years. Problem is I think the bull market is only getting started. Berkshire will lag for the next 20 years.
One whole generation, sell BRK!
What is the point! Lags in bull, gains in bear, final outcome? About the same. Just stick with S&P then.
Those two lieutenants are 
. Briefly checked about 10 popular tickers. All of them gained 45-55% since Christmas Eve last year.
Maybe value investing is crap now. World has changed?
Yes. Anything tech since 1990s. Probably another 20 good years. Can ignore all other industries.
Problem is tech has now diffused into other areas. Boundary is not as clear cut as before.
Bull market has a much longer timeframe than bear market. Final outcome could be lagging the index.
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WB actually led hugely in the last secular bull from 82 to 00, back when his fund was much smaller. Now his fund is so huge itās hard to outperform, especially in a tech-led bull market. He canāt keep pace let alone outperform by buying ketchup makers.
1982 to 1990s - With luck, WB got it right! Riding on Consumer staples, Credit cards and insurance.
1990s to now - Slow to adapt to the new world 
Now to future - Wellā¦ do you think he had adapted? Charlie is still old fashioned.
WB has changed quite a bit for an 80+ year old. He bought Apple, and briefly flirted with IBM and Oracle. Charlie is also quite open-minded, especially when it comes to China. In fact Charlie is much more open-minded than most people on this forum.
I think Berkshire would still likely lag behind S&P. Both old men are not adapting fast enough. WB still canāt wean off his love for asset-heavy firms like power utilities and airlines. I always think the true genius of WB is in buying insurance firms and using the float wisely. Besides heās changed his focus to buying whole firms.
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Actually the biggest mystery about WB is that he didnāt buy Disney. On surface it fits all his criteria: great brand with wide moats. There is only one Mickey Mouse and Disneyland will likely do well for the next 50 years. Did anyone ask him why today?
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