Berkshire Hathaway: A Strategic Misstep? Many in the investment world argue that Warren Buffett's most significant decision wasn't a missed opportunity—it was one he actually took. The decades-long commitment to Berkshire raises questions worth exploring: Did concentrated portfolio allocation constrain potential returns? Was the conglomerate model of the modern era the right long-term play? Seasoned investors and analysts continue debating whether this holding ultimately represented the most optimal capital deployment strategy, or if alternative paths might have yielded substantially different outcomes for wealth creation.