Warren Buffett Said He Personally Started Berkshire's $31 Billion Alphabet Position

Warren Buffett has a confession: He missed the boat on Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL).The 95-year-old chairman of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) told CNBC on Wednesday that he personally initiated his company's investment in the Google parent. He also admitted he should have bought in years ago, back when Alphabet was "asset-light and a markets darling."So, Buffett is making up for lost time. Berkshire now holds roughly $31 billion in Alphabet stock: about $21 billion in public shares, plus a $10 billion private placement that was part of Alphabet's $80 billion equity raise in June. At this point, it's the fifth-largest holding in Berkshire's portfolio, behind Apple, American Express, Coca-Cola, and Bank of America.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool