Portfolio diversification can be a valuable tool, but it's clear that legendarily successful investor Warren Buffett isn't a fan.
Video games are one of the most consistently growing tech markets, benefiting from never-ending demand for new content and hardware upgrades. Data from Statista shows the video game market is projected to hit $250 billion this year and expand at a compound annual growth rate of 9% through 2028. The sector has transformed in recent years to include new revenue-generating avenues, such as microtransactions, mobile games, and subscription-based game services.
The passing of Charlie Munger on Nov. 28 marked the end of a chapter for longtime fans of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B). Munger often spoke less than Warren Buffett during the company's famous annual meetings in Omaha, Nebraska. Berkshire Hathaway is a behemoth of a company -- the seventh-largest-weighted stock in the S&P 500 and the largest non-"tech" U.S.-based stock by market cap ("tech" because Meta Platforms and Alphabet are in the communications sector, while Tesla and Amazon are in the consumer discretionary sector).