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In a departure from company’s usual penchant for blue-chip companies in steady businesses, Berkshire invested around $600 million in recent months in two big financial-technology companies - payment processor StoneCo and the mobile payment platform Paytm.
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But Mr. Combs and his counterpart, Ted Weschler, have cast a wide net for potential investments and are pushing the conglomerate in new directions. Mr. Buffett has spoken frankly about Berkshire’s need to find new places to invest its large pile of cash, which stood at $111 billion at midyear.
https://www.wsj.com/articles/warren-buffetts-firm-invests-millions-in-fintech-1540807200
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