Berkshire Hathaway Breaks Tradition with Fintech Investments

Todd Combs, one of Berkshire’s two top money managers, led the conglomerate’s recent $600 million investment in two fintech companies focused on emerging markets—Paytm and StoneCo. This according to an article in CNBC.com. This is a departure from Berkshire’s typical strategy of buying stakes in blue chip American companies, the article notes, citing IBM, Coca-Cola and Wells Fargo as Buffett’s typical picks. However, “while Berkshire has stayed away from early-stage tech plays,” the article says,… Read More