Warren Buffett’s Berkshire Hathaway had a shift in strategy in the fourth quarter as it unloaded most of its energy holdings to buy more of Deere and IBM.
Recent deals have been driven more by tax strategies than therapeutic synergies.
Our top managers continue to find attractive buying opportunities in wide-moat firms.
DIRECTV stands out among Berkshire's fourth-quarter stock purchases; IBM and Wells Fargo are other big buys.
Morningstar markets editor Jeremy Glaser sizes up the progress and potential roadblocks of the Window 8 launch, Bernanke's housing stimulus efforts, Buffett's succession plans, and more.