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Buffett confirms Berkshire bought Alphabet despite his famous tech aversion
Warren Buffett revealed he was behind Berkshire's purchase of Alphabet. Skepticism remains over his retirement and the huge cash pile in T-Bills. Myth or reality?
Buffett breaks his own dogma: Berkshire bought Alphabet
How much truth is there in the news that Warren Buffett, the investor who used to boast about never touching technology, has made a move? As has emerged, Buffett himself revealed that he was behind Berkshire Hathaway's decision to invest in Alphabet, Google's parent company. The news clashes with the official narrative repeated for years that the man from Omaha didn't understand tech companies and avoided them. Apple remains a major position in the conglomerate, but the Alphabet stake adds a new chapter to the legend.
Clickbait or reality? Skepticism in the market
However, not everyone buys it. Buffett is retired and Charlie Munger has passed away; many point out that any news attributing a direct purchase to him is suspicious. Berkshire has spent years piling up a mountain of cash —$370 billion in T-Bills— without making a move. The question is whether they really entered Alphabet or whether it's just noise. Some suggest that, if they did buy, they may have already sold at a profit. The staggering cash figure fuels the doubts: if the old man isn't investing, why isn't he deploying that capital?
The soul of the investment: between logic and myth
What is clear is that Alphabet remains one of the big tech companies with potential, although its cash burn and share dilutions worry shareholders. Meanwhile, Berkshire's stake in Apple remains an anchor. The final irony: Buffett spent decades saying he didn't invest in technology. Now, if the news is true, it turns out he did — but late, and with the market already pricing it in.
And meanwhile, the $370 billion remain in T-Bills. Something is going on, but nobody can quite explain it.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (14 replies).
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