It's interesting that you compare value investing with venture.

I spent half a life time chasing the bleeding edge before I settled with mundane and boring. Took 5 attempt to figure out that sometimes boring is better than the bleeding edge.

When I first read BH's letters to shareholders 20 years ago, BH exposure to insurance, to spread businesses, to repeat sell to the same customers, to spread businesses made a lot of sense. Then there was this bit about diversification that was counter intuitive.

The 30 year old me believed tech was a tool to break models. The 50 year old me looks at tech to scale and improve models. It's a small shift but the difference in perspective changes how you evaluate, fund and grow businesses.