The investing track of the Oracle of Omaha over the past few decades shows a gradual shift from being a pure- play value investor to a GARP (growth at a reasonable price) investor. The logic behind this is the effectiveness of a mixed investment strategy over pure play value or growth approaches of investments. A pure-play value investor misses the chance of betting on stocks that have bright long-term prospects. In the same way, growth investors often end up investing in expensive stocks. In other words, t ...