Might as well be talking about BNPL, esp. Z1P : It is all about data mining.

Why Warren Buffett needs ‘to adapt’ to this market to reverse his ‘chronic underperformance’

Published: June 16, 2020 at 4:17 p.m. ET

By

Shawn Langlois

Perhaps it’s time for a new way of thinking?

“If Berkshire is to have the prospects of generating the value it has in the past, it has to adapt by buying these companies that will generate significant value over the next 25 years,” said decadeslong Berkshire shareholder Christopher Rossbach, chief investment officer of J Stern & Co.

“Both Warren and Charlie have acknowledged that they have missed Amazon AMZN, +1.65% and that they should be looking at these companies but they have also said they don’t understand them,” Rossbach explained to the FT. “They have kept them in the box that Warren has on his desk that says ‘Too hard’. What will it take for them to take these stocks out of the box?”