For decades Warren Buffett expressed that he only buys stock within his circle of competence.
His holdings expressed best what he considered to be within this circle:
- Banks
- Energy
- Logistics or
- Insurances
It isn't very surprising for a person of Warren Buffett's age that he sticks to what made him successful. After World War 2, America, Europe, and Asia started trading. Banks, Energy, Insurances, and logistics were the driving forces behind the beginning of globalization.
He was often asked why he didn't buy into tech stocks like Microsoft, Amazon, or Apple. His answer was always the same: I don't understand it. Never purchase anything that you don't understand.
In Q4/2021, he started buying the stock of Activision Blizzard. The company is well known amongst gamers since it holds rights to titles like Call of Duty or World of Warcraft.
Why did Warren Buffett acquire Activision? And why did he do that right before Microsoft announced they wanted to integrate the company?
At the last Berkshire Hathaway Meeting, he dedicates about 10 minutes to this topic.
00:00 Intro
00:39 Warren Buffett talks about the Activision Deal
Full Meeting: [ Ссылка ]
📚 The Warren Buffett Portfolio: [ Ссылка ]
