🌟🌟🌟Did Greg Abel of
$Berkshire Hathaway(BRK.B)$ make the right choice to buy
$Alphabet(GOOG)$ ? If we look back at Berkshire's recent purchase of USD 10 billion in Google's shares, Greg Abel actually negotiated a 6% discount relative to early June pricing.
Google is now one of Berkshire's top 5 equity holdings. Berkshire is treating Google not as a speculative bubble, but as an indispensable utility powerhouse with a strong digital moat.
Just as Warren Buffett broke tradition to make Apple as a cornerstone holding in 2016, Greg Abel is positioning Alphabet as the cornerstone of Berkshire's top holdings for the next decade.
Greg Abel obviously saw value in Alphabet as it has an unassailable consumer monopoly acting as a digital toll booth, generating an ocean of predictable cash flow for years to come.
" Price is what you see, value is what you get".
This captures Greg Abel's investment in Alphabet.
@Tiger_comments @TigerStars @Tiger_SG
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