Buffett is notoriously liberal in both his political views and the way he runs Berkshire Hathaway. He's given alot of leeway to his direct reports (CEOs of the

Buffett is notoriously liberal in both his political views and the way he runs Berkshire Hathaway. He's given alot of leeway to his direct reports (CEOs of the companies they own), not because he's some prescient slacker with a time machine, but because he invests and owns companies that a) he can understand clearly the business model (i.e., few-to-no pure technology plays, no internet/social) b) are profitable but maybe not growing gangbusters as time goes on (or because the particular industry is slow-growth) It's a sound strategy. It won't get you big scores like investing in facebook (wokka-wokka!), but it just feels right and lends itself to safer returns. Messing with the flow like a corporate raider (a la Carl Icahn) is just not in Berkshire DNA.