Warren Buffett has long profited by buying established companies in some measure of distress. His approach evolved as conditions changed over the years, most notably with his about-face on technology stocks. That shift eventually led to Apple making up more than 45% of the Berkshire Hathaway portfolio.

Moreover, Berkshire takes into account other philosophies, as his lieutenants make more of the investment decisions. One notable change is with IPO stocks, a type of investment Buffett always avoided. Given that sentiment, one has to assume his lieutenants made the calls to buy Snowflake (NYSE: SNOW) and Nu Holdings (NYSE: NU).

Now, with those stocks taking advantage of emerging opportunities, they could make investors very wealthy over time.

Continue reading

Source Fool.com