Down 40%, Can This Buffett-Backed Fintech Stock Resume Rallying?
Warren Buffett is arguably the greatest investor who's ever lived. Buffett has long admitted he doesn't enjoy some of the same advantages of smaller retail investors, particularly in that he doesn't have the luxury of owning many small- and mid-cap stocks (that is, short of acquiring their businesses outright). Given their size, these kinds of stocks generally can't move the needle as part of Berkshire's enormous equity portfolio, which helps explain why Berkshire has focused much of its capital on stable large- and mega-cap names.