"We Screwed Up": Warren Buffett's Colleague On Not Buying Google Shares

Warren Buffett and Charlie Munger were asked if Berkshire Hathaway's investing philosophy had changed

 Share
EMAIL
PRINT
COMMENTS
'We Screwed Up': Warren Buffett's Colleague On Not Buying Google Shares

Berkshire Hathaway Chairman Warren Buffett (left) and Vice Chairman Charlie Munger (Reuters)


One of Warren Buffett's and Charlie Munger's biggest regrets was not buying shares of Google owner Alphabet Inc.

"I don't mind not having caught Amazon early," Munger said. "The guy (Jeff Bezos) is kind of a miracle worker, it's very peculiar. ... But I feel like a horse's ass for not identifying Google earlier ... We screwed up."

Buffett and Munger were asked if Berkshire Hathaway's investing philosophy had changed given that one of Berkshire's portfolio managers recently bought shares of Amazon.com Inc.

Todd Combs and Ted Weschler manage roughly $26 billion of Berkshire's investments.

Munger said he and Buffett saw how great search engine optimization was used in its Berkshire-owned GEICO and "we just sat there sucking our thumbs."



(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................