In a recent interview with CNBC, Berkshire Hathaway (BRK.A) (BRK.B) Chairman Warren Buffett said that he initiated the position in Alphabet (GOOG) (GOOGL) last year. Notably, given Buffett’s reluctance to buy tech companies, the admission came as somewhat of a surprise.
While the Google parent has since grown to become among Berkshire’s top holdings following a $10 billion investment last month, the “Oracle of Omaha,” who in 2019 admitted to a mistake in not buying Alphabet, is not that big a fan of the company, unlike Apple (AAPL), which he has praised on more than one occasion. Referring to Alphabet, in the interview, Buffett said, “I would say that I don’t like it as well as at least four or five other businesses that we own.”
