Alphabet’s P/E is lower now than it was in 2017. But it was even cheaper in 2022, when U.S. tech stocks tanked. Back then, it traded at just 17x earnings—lower than today. And Buffett didn’t bite.
So again, I don’t think this was him. The investment managers are ramping up their influence as Buffett steps back.
My fair price estimate for Alphabet was $163 to $209. So Berkshire’s entry was sensible. But at $276 today? Definitely not.
There were plenty of chances to buy Alphabet earlier this year when it spent considerable time below $200—and even dropped as low as $146.75.this might explain why Berkshire’s been selling for so long—it could be part of the succession plan. Freeing up capital for the investment managers to deploy.
Finally So my guess? This Alphabet buy came from one of them. Not Buffett. what u think of ?
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