Berkshire's $360 billion portfolio grows more concentrated under CEO Abel

Warren Buffett’s investing philosophy continues to center on patience, disciplined valuation and staying within one’s circle of competence, while he argues that individual investors can often find opportunities in smaller, overlooked companies that are impractical for large funds. He has also warned that markets are increasingly driven by speculation, especially through short-dated options and prediction markets, and has shown little interest in deploying Berkshire Hathaway’s large cash position during ordinary pullbacks. Berkshire’s shift toward Alphabet and its growing technology exposure illustrates that the strategy can evolve when a company has understandable economics, durable growth and an attractive valuation. Under CEO Greg Abel, Berkshire has concentrated much of its portfolio in a handful of major holdings, while maintaining long-term positions in Coca-Cola and American Express. Across these accounts, Buffett’s enduring advantages are portrayed as inactivity when opportunities are scarce, independent thinking, extensive reading and a willingness to avoid Wall Street’s pressure for constant action.