Buffet doesn't understand the technology and he is evaluating things based on traditional finances. He is usually late to the trade but his achievements are why people are willing to listen to him.
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The conditions of the world economy has changed and he has benefited from getting in early and making gains from those changes - but eventually, the changes require investment shifts and at some point, he might find his approach no longer suitable - but not in his lifetime.
Decentralized finance and by extension, decentralized insurance, would put a bit of pressure on his holdings.