Warren Buffett’s Berkshire Moves Away From Stock Picking
Bid to buy Oncor is latest sign of the company’s growing reliance on running businesses
...... Buffett rose to fame as a stock picker and continues to invest tens of billions in equities and other securities for Berkshire’s portfolio.,,,
But today, those investments are “de-emphasized,” as Berkshire earns significantly more income from its operating businesses, Mr. Buffett said in his February letter to shareholders. Berkshire has undergone a “gradual shift from a company obtaining most of its gains from investment activities to one that grows in value by owning businesses,” he wrote.