InstitutionalPositioning
Berkshire Tripled Its Alphabet Stake in Greg Abel's First Quarter.
Warren Buffett Spent Years Calling It One of His Mistakes.
For two decades, Warren Buffett and Charlie Munger openly described their failure to buy Google as one of the clearest mistakes of their investing careers. In Berkshire Hathaway's first quarterly filing under new chief executive Greg Abel, the firm did the opposite of sitting still: it added about 36.4 million Alphabet shares, roughly tripling a position it had only opened the prior autumn. The stock Berkshire bought at the quarter end mark of 287.56 dollars has since run sharply higher, which means anyone reading the filing today is reading it well above the price the most famous value shop in the world actually marked. This is not a recommendation, and it is not a forecast. It is a description of what one…
·8 min readGOOGL