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HCL tech is at a fresh 52 week low today and getting hit hard post earnings. A few weeks ago I spoke to Kenneth Andrade of Old Bridge Capital on why he exited IT stocks completely earlier this year. "We dont know whats happening in the tech sector. will...

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Sonia Shenoy

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265,645 views • 4 months ago •via X (Twitter)

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“If I had to build a portfolio today, I would build it without IT stocks until the dust settles. The terminal value of that business is falling” says Kenneth Andrade of Old Bridge capital. Full pod out now on The Money Mindset ✨
1:34

“If I had to build a portfolio today, I would build it without IT stocks until the dust settles. The terminal value of that business is falling” says Kenneth Andrade of Old Bridge capital. Full pod out now on The Money Mindset ✨

Sonia Shenoy

47,840 views • 5 months ago

“I read this book The Engines That Move Markets a while back and figured out that when technology changes , it’s easy to know who are the losers and difficult to know who are the winners. A few years ago I realised that IT stocks will be the big losers of the AI revolution and exited entirely” says Samir Arora Infosys is now down 40% in last 6 months while TCS is down 30% over 6 months. Samir Arora completely exited IT stocks a few years ago when he sensed the disruption AI would cause. We spoke about it on the show.
1:12

“I read this book The Engines That Move Markets a while back and figured out that when technology changes , it’s easy to know who are the losers and difficult to know who are the winners. A few years ago I realised that IT stocks will be the big losers of the AI revolution and exited entirely” says Samir Arora Infosys is now down 40% in last 6 months while TCS is down 30% over 6 months. Samir Arora completely exited IT stocks a few years ago when he sensed the disruption AI would cause. We spoke about it on the show.

Sonia Shenoy

35,955 views • 26 days ago

Alloy Therapeutics Founder & CEO Errik B. Anderson believes we will cure every disease that is curable in the next three decades. "We are living in a world where we will cure everything that is curable in the next three decades, maybe even faster than that." "It's really just a question of how fast can we accelerate and give as many people as possible access to these incredible tools." "[During the dot-com boom], there were a lot of the same criticisms that we're hearing in the tech space right now as it relates to biotech. We did see the flow of investment coming in, and many things went bankrupt." "But the things that didn't go bankrupt changed the world, and that exact same thing is happening today and you're going to see an incredible number of winners. The tech space is going to go conquer biology as much as it has in other places."
1:32

Alloy Therapeutics Founder & CEO Errik B. Anderson believes we will cure every disease that is curable in the next three decades. "We are living in a world where we will cure everything that is curable in the next three decades, maybe even faster than that." "It's really just a question of how fast can we accelerate and give as many people as possible access to these incredible tools." "[During the dot-com boom], there were a lot of the same criticisms that we're hearing in the tech space right now as it relates to biotech. We did see the flow of investment coming in, and many things went bankrupt." "But the things that didn't go bankrupt changed the world, and that exact same thing is happening today and you're going to see an incredible number of winners. The tech space is going to go conquer biology as much as it has in other places."

TBPN

13,127 views • 4 months ago

Should the tech industry become a branch of government? According to Patrick McKenzie, the government already treats the finance industry as a tool that it can control for its policy goals. And it wants to use tech in the same way. Will we let it?
2:38

Should the tech industry become a branch of government? According to Patrick McKenzie, the government already treats the finance industry as a tool that it can control for its policy goals. And it wants to use tech in the same way. Will we let it?

Dwarkesh Patel

13,138 views • 2 months ago

Ok, my mind is blown with Replit Agents. I started using it because I was bored on a train ride a couple of days ago. So today I tried to build a Trello clone and build a fully functional app in like 45 mins. I showed it to a few people in the office and the guy is like "I should quit my job." He built a stock tracking app in 2 mins and added a few features he wanted. I can't imagine the world being the same in 10 years if software writing could be supercharged like this. Replit has really hit it out of the park. I don't need ChatGPT now. I'll just build apps in Replit. I'm a fan and a convert.
10:42

Ok, my mind is blown with Replit Agents. I started using it because I was bored on a train ride a couple of days ago. So today I tried to build a Trello clone and build a fully functional app in like 45 mins. I showed it to a few people in the office and the guy is like "I should quit my job." He built a stock tracking app in 2 mins and added a few features he wanted. I can't imagine the world being the same in 10 years if software writing could be supercharged like this. Replit has really hit it out of the park. I don't need ChatGPT now. I'll just build apps in Replit. I'm a fan and a convert.

Rohit Mittal

205,274 views • 1 year ago

👤: There are a lot of trainees who practice hard. I think Jimin of BTS is far the best. In the case of Jimin he was really hard on himself to the point where we thought it was harsh. The T&D used to be called the 'Artist Development Team' back then. We took care of him a lot. 👤: The impressive thing about him was that Jimin was a dancer before he joined so he already had the habit of dancing in a smooth way. As a pop artist he had to fix it. Since there are many dance moves that require a lot of power he had to break that habit. We gave him that mission and in the following months evaluation, I got a feedback that he had improved a lot. I was surprised to hear that. I was amazed by how much he practiced, I still remember it clearly.
0:51

👤: There are a lot of trainees who practice hard. I think Jimin of BTS is far the best. In the case of Jimin he was really hard on himself to the point where we thought it was harsh. The T&D used to be called the 'Artist Development Team' back then. We took care of him a lot. 👤: The impressive thing about him was that Jimin was a dancer before he joined so he already had the habit of dancing in a smooth way. As a pop artist he had to fix it. Since there are many dance moves that require a lot of power he had to break that habit. We gave him that mission and in the following months evaluation, I got a feedback that he had improved a lot. I was surprised to hear that. I was amazed by how much he practiced, I still remember it clearly.

hope⁷

356,071 views • 2 years ago

“Why does Rome still matter for today? Well, I think when you look at it, as I said earlier, history doesn't repeat, but it does rhyme in a lot of ways. And I think if you understand patterns that happen in history, you can understand a lot of what's happening in your world today. Because I think we look at modern politics and we see the things that are happening, and we try to say, okay, well, if we just make this solution now, will it solve it? Centralization of power. Emergency authority becomes permanent. Rome had an oral constitution, and when a crisis arose, they would alter it to handle the crisis. But the problem is, once you do that, you don't go back.” Jeremy Ryan Slate
6:04

“Why does Rome still matter for today? Well, I think when you look at it, as I said earlier, history doesn't repeat, but it does rhyme in a lot of ways. And I think if you understand patterns that happen in history, you can understand a lot of what's happening in your world today. Because I think we look at modern politics and we see the things that are happening, and we try to say, okay, well, if we just make this solution now, will it solve it? Centralization of power. Emergency authority becomes permanent. Rome had an oral constitution, and when a crisis arose, they would alter it to handle the crisis. But the problem is, once you do that, you don't go back.” Jeremy Ryan Slate

Shawn Ryan

180,348 views • 6 months ago

🚨 BREAKING: “Death to America” Comes to Virginia Tech At Virginia Tech tonight, Mohamed Abdou opened his “Death to the Akademy” speech by declaring, “We are in a war, a racial religious war since 1492.” He told students America is “the larger monster,” praised “General Sinwar,” called October 7 the “blessed day of Al-Aqsa Flood,” and said jihad can mean defending life “using the sword.” Then he praised students as “a branch of the resistance” and said they were recognized as “a branch of the mujahideen.” And when he explained “Death to America,” he was explicit. “When we say Death to America, we mean, and loud and clear, a total end to U.S. empire. The destruction of this crusading settler colony, their entire project.” Virginia Tech spent the last few days insisting this event was not happening. It happened. And this is what was said. Stick around, because there is a lot more to unpack. We are not even halfway through his speech yet.
3:45

🚨 BREAKING: “Death to America” Comes to Virginia Tech At Virginia Tech tonight, Mohamed Abdou opened his “Death to the Akademy” speech by declaring, “We are in a war, a racial religious war since 1492.” He told students America is “the larger monster,” praised “General Sinwar,” called October 7 the “blessed day of Al-Aqsa Flood,” and said jihad can mean defending life “using the sword.” Then he praised students as “a branch of the resistance” and said they were recognized as “a branch of the mujahideen.” And when he explained “Death to America,” he was explicit. “When we say Death to America, we mean, and loud and clear, a total end to U.S. empire. The destruction of this crusading settler colony, their entire project.” Virginia Tech spent the last few days insisting this event was not happening. It happened. And this is what was said. Stick around, because there is a lot more to unpack. We are not even halfway through his speech yet.

Stu Smith

957,481 views • 3 months ago

In 1985, Steve Jobs was forced out of Apple, the company he'd started in a garage a decade earlier. Seven years later, a student at MIT asked him how he felt about losing it. This is him answering, with none of the bitterness you'd expect. He said he'd thought about it a lot and would rather not dwell on it. Then he named the cost plainly. "I think everybody lost. I think I lost. You know, I wanted to spend my life there. I think Apple lost. I think customers lost." And almost in the same breath, he let it go. "And having said all that, so what? You go on. It's not as bad as a lot of things. It's not as bad as losing your arm." From there he talked, clear-eyed, about the company that pushed him out, the camps fighting over what Apple should become, the products he thought were slipping. And at the end of all of it, he landed somewhere quieter. "Who knows what would have happened, had all this not happened?" He asked that in 1992, running NeXT, five years before he'd walk back into Apple and build it into the most valuable company on earth. The version where none of it happened is the one story he never got to know. Bookmark & watch ↓
3:42

In 1985, Steve Jobs was forced out of Apple, the company he'd started in a garage a decade earlier. Seven years later, a student at MIT asked him how he felt about losing it. This is him answering, with none of the bitterness you'd expect. He said he'd thought about it a lot and would rather not dwell on it. Then he named the cost plainly. "I think everybody lost. I think I lost. You know, I wanted to spend my life there. I think Apple lost. I think customers lost." And almost in the same breath, he let it go. "And having said all that, so what? You go on. It's not as bad as a lot of things. It's not as bad as losing your arm." From there he talked, clear-eyed, about the company that pushed him out, the camps fighting over what Apple should become, the products he thought were slipping. And at the end of all of it, he landed somewhere quieter. "Who knows what would have happened, had all this not happened?" He asked that in 1992, running NeXT, five years before he'd walk back into Apple and build it into the most valuable company on earth. The version where none of it happened is the one story he never got to know. Bookmark & watch ↓

Fireside Tapes

16,290 views • 29 days ago

Beth Rigby, "You say that you won't compromise on the happiness of children, but you also know US big tech will hate this ban" "Are you concerned about how President Trump might react to this when you see him at the G7 and the consequences for the UK?" Keir Starmer, "This is about fighting for what we think is right" "I'm a fan of tech and AI, I think it has huge capabilities to change our world for the better, that's why I made a pro AI and tech speech at London Tech Week" "I do not accept that you can't be pro tech and AI and at the same time say we must protect our children" "The innovation is incredible in tech and AI. Don't tell me that's impossible for those innovators to devise a way to protect our children" "You can be pro AI and tech which I am, but also pro protecting our children which I am"
1:39

Beth Rigby, "You say that you won't compromise on the happiness of children, but you also know US big tech will hate this ban" "Are you concerned about how President Trump might react to this when you see him at the G7 and the consequences for the UK?" Keir Starmer, "This is about fighting for what we think is right" "I'm a fan of tech and AI, I think it has huge capabilities to change our world for the better, that's why I made a pro AI and tech speech at London Tech Week" "I do not accept that you can't be pro tech and AI and at the same time say we must protect our children" "The innovation is incredible in tech and AI. Don't tell me that's impossible for those innovators to devise a way to protect our children" "You can be pro AI and tech which I am, but also pro protecting our children which I am"

Farrukh

122,452 views • 2 months ago

Arteta on Lewis-Skelly: “I've been tough on him. He had a spectacular season last year when he jumped into the first team. He had some difficult moments after that, but he stayed very humble, very focused, aligned when we wanted to do and I knew he was ready. “He's been showing in training every day the opportunities that he had to play, he's done it and today he really stepped up and I thought he had an incredible performance. Reporter: What was the sort of thinking behind that and why do you think it's taken this long to play him there? Arteta: “Because probably I don't have a clue. Maybe I should have done it earlier, I don't know. But I have to do things when I believe that the player is ready, the team is ready and the opponent is the right one to play with him in that position. “We've done it today, it's the first time, it was a big risk because I knew what was going to happen. If it works, it's great. would have lost the game, what would have happened, how do you play a kid at this age in this scenario in a position he hasn't played all season. I knew that but I had the feeling it was the right game for him.”
1:09

Arteta on Lewis-Skelly: “I've been tough on him. He had a spectacular season last year when he jumped into the first team. He had some difficult moments after that, but he stayed very humble, very focused, aligned when we wanted to do and I knew he was ready. “He's been showing in training every day the opportunities that he had to play, he's done it and today he really stepped up and I thought he had an incredible performance. Reporter: What was the sort of thinking behind that and why do you think it's taken this long to play him there? Arteta: “Because probably I don't have a clue. Maybe I should have done it earlier, I don't know. But I have to do things when I believe that the player is ready, the team is ready and the opponent is the right one to play with him in that position. “We've done it today, it's the first time, it was a big risk because I knew what was going to happen. If it works, it's great. would have lost the game, what would have happened, how do you play a kid at this age in this scenario in a position he hasn't played all season. I knew that but I had the feeling it was the right game for him.”

Connor Humm

384,431 views • 3 months ago

Warren Buffett on why he buys "terrible" businesses: A shareholder asked Buffett about Berkshire's exposure to the housing market through businesses like Shaw, Acme Brick, Johns Manville, and HomeServices, and what he sees coming over the next decade. Buffett didn't sugarcoat the present: "Well, the immediate situation is it's terrible. It's been flatlined now for a long time and it affects Shaw. It affects Acme Brick. It affects Johns Manville. Affects our home services operation and there has been no bounce at all." But then he revealed why that doesn't bother him. Berkshire had just bought the largest brick operation in Alabama, a state Buffett notes "uses more brick per capita than any state in the union," right in the middle of a market with virtually no buyers. "We wrote a check for cash and we like improving our position." His reasoning comes down to a simple long-term view: "This country over time will build houses at a rate that overall in total commensurate with household growth. And I think we're going to see plenty of household growth in future decades. And I think that our companies are well positioned to make significant money when we get to a normalized level of home building." Buffett admitted he had no idea when the turn would come. He thought it might happen by year end, but added: "I don't think anybody knows the answer on that." That uncertainty wasn't the point. The point was the price he paid for what the business would earn over decades. Charlie Munger cut to the heart of it: "Well, one advantage of buying these very cyclical businesses is a lot of people don't like them. And what difference does it make to us if the earnings average say 300 million a year, if it comes in in a very lumpy fashion? In the big scheme of things, what do we care if it's lumpy? As long as it's a good business and we have an advantage on that stuff. Nobody else was bidding for a brick plant in Alabama with no customers." Buffett then offered a comparison that reframes how to think about lumpy earnings entirely. See's Candy, he pointed out, loses money roughly eight months of the year: "Now it just so happens we know the seasonal pattern. So we don't worry in July that somehow Christmas won't come. We've got a couple thousand years on our side." His conclusion on cyclical businesses: "If you take the next 20 years, there will be three or four terrible years for residential housing and there'll be a lot of them that are pretty good and there'll be a few that are terrific. And I don't know the order in which they're going to appear, but I know if I can buy the assets cheap enough to participate in those 20 years that we'll do okay over that time."
5:33

Warren Buffett on why he buys "terrible" businesses: A shareholder asked Buffett about Berkshire's exposure to the housing market through businesses like Shaw, Acme Brick, Johns Manville, and HomeServices, and what he sees coming over the next decade. Buffett didn't sugarcoat the present: "Well, the immediate situation is it's terrible. It's been flatlined now for a long time and it affects Shaw. It affects Acme Brick. It affects Johns Manville. Affects our home services operation and there has been no bounce at all." But then he revealed why that doesn't bother him. Berkshire had just bought the largest brick operation in Alabama, a state Buffett notes "uses more brick per capita than any state in the union," right in the middle of a market with virtually no buyers. "We wrote a check for cash and we like improving our position." His reasoning comes down to a simple long-term view: "This country over time will build houses at a rate that overall in total commensurate with household growth. And I think we're going to see plenty of household growth in future decades. And I think that our companies are well positioned to make significant money when we get to a normalized level of home building." Buffett admitted he had no idea when the turn would come. He thought it might happen by year end, but added: "I don't think anybody knows the answer on that." That uncertainty wasn't the point. The point was the price he paid for what the business would earn over decades. Charlie Munger cut to the heart of it: "Well, one advantage of buying these very cyclical businesses is a lot of people don't like them. And what difference does it make to us if the earnings average say 300 million a year, if it comes in in a very lumpy fashion? In the big scheme of things, what do we care if it's lumpy? As long as it's a good business and we have an advantage on that stuff. Nobody else was bidding for a brick plant in Alabama with no customers." Buffett then offered a comparison that reframes how to think about lumpy earnings entirely. See's Candy, he pointed out, loses money roughly eight months of the year: "Now it just so happens we know the seasonal pattern. So we don't worry in July that somehow Christmas won't come. We've got a couple thousand years on our side." His conclusion on cyclical businesses: "If you take the next 20 years, there will be three or four terrible years for residential housing and there'll be a lot of them that are pretty good and there'll be a few that are terrific. And I don't know the order in which they're going to appear, but I know if I can buy the assets cheap enough to participate in those 20 years that we'll do okay over that time."

Black Edge

15,393 views • 2 months ago

Warren Buffett on why he buys "terrible" businesses: A shareholder asked Buffett about Berkshire's exposure to the housing market through businesses like Shaw, Acme Brick, Johns Manville, and HomeServices, and what he sees coming over the next decade. Buffett didn't sugarcoat the present: "Well, the immediate situation is it's terrible. It's been flatlined now for a long time and it affects Shaw. It affects Acme Brick. It affects Johns Manville. Affects our home services operation and there has been no bounce at all." But then he revealed why that doesn't bother him. Berkshire had just bought the largest brick operation in Alabama, a state Buffett notes "uses more brick per capita than any state in the union," right in the middle of a market with virtually no buyers. "We wrote a check for cash and we like improving our position." His reasoning comes down to a simple long-term view: "This country over time will build houses at a rate that overall in total commensurate with household growth. And I think we're going to see plenty of household growth in future decades. And I think that our companies are well positioned to make significant money when we get to a normalized level of home building." Buffett admitted he had no idea when the turn would come. He thought it might happen by year end, but added: "I don't think anybody knows the answer on that." That uncertainty wasn't the point. The point was the price he paid for what the business would earn over decades. Charlie Munger cut to the heart of it: "Well, one advantage of buying these very cyclical businesses is a lot of people don't like them. And what difference does it make to us if the earnings average say 300 million a year, if it comes in in a very lumpy fashion? In the big scheme of things, what do we care if it's lumpy? As long as it's a good business and we have an advantage on that stuff. Nobody else was bidding for a brick plant in Alabama with no customers." Buffett then offered a comparison that reframes how to think about lumpy earnings entirely. See's Candy, he pointed out, loses money roughly eight months of the year: "Now it just so happens we know the seasonal pattern. So we don't worry in July that somehow Christmas won't come. We've got a couple thousand years on our side." His conclusion on cyclical businesses: "If you take the next 20 years, there will be three or four terrible years for residential housing and there'll be a lot of them that are pretty good and there'll be a few that are terrific. And I don't know the order in which they're going to appear, but I know if I can buy the assets cheap enough to participate in those 20 years that we'll do okay over that time."
5:33

Warren Buffett on why he buys "terrible" businesses: A shareholder asked Buffett about Berkshire's exposure to the housing market through businesses like Shaw, Acme Brick, Johns Manville, and HomeServices, and what he sees coming over the next decade. Buffett didn't sugarcoat the present: "Well, the immediate situation is it's terrible. It's been flatlined now for a long time and it affects Shaw. It affects Acme Brick. It affects Johns Manville. Affects our home services operation and there has been no bounce at all." But then he revealed why that doesn't bother him. Berkshire had just bought the largest brick operation in Alabama, a state Buffett notes "uses more brick per capita than any state in the union," right in the middle of a market with virtually no buyers. "We wrote a check for cash and we like improving our position." His reasoning comes down to a simple long-term view: "This country over time will build houses at a rate that overall in total commensurate with household growth. And I think we're going to see plenty of household growth in future decades. And I think that our companies are well positioned to make significant money when we get to a normalized level of home building." Buffett admitted he had no idea when the turn would come. He thought it might happen by year end, but added: "I don't think anybody knows the answer on that." That uncertainty wasn't the point. The point was the price he paid for what the business would earn over decades. Charlie Munger cut to the heart of it: "Well, one advantage of buying these very cyclical businesses is a lot of people don't like them. And what difference does it make to us if the earnings average say 300 million a year, if it comes in in a very lumpy fashion? In the big scheme of things, what do we care if it's lumpy? As long as it's a good business and we have an advantage on that stuff. Nobody else was bidding for a brick plant in Alabama with no customers." Buffett then offered a comparison that reframes how to think about lumpy earnings entirely. See's Candy, he pointed out, loses money roughly eight months of the year: "Now it just so happens we know the seasonal pattern. So we don't worry in July that somehow Christmas won't come. We've got a couple thousand years on our side." His conclusion on cyclical businesses: "If you take the next 20 years, there will be three or four terrible years for residential housing and there'll be a lot of them that are pretty good and there'll be a few that are terrific. And I don't know the order in which they're going to appear, but I know if I can buy the assets cheap enough to participate in those 20 years that we'll do okay over that time."

Black Edge

10,628 views • 1 month ago

as the founder of Thumio I shorted Adobe at $350 if Adobe hits $100, I will have raised the same amount as closing a Series A. this clip you see here is from weeks ago. if you build the tech that will kill the giant. bet everything against it.
0:30

as the founder of Thumio I shorted Adobe at $350 if Adobe hits $100, I will have raised the same amount as closing a Series A. this clip you see here is from weeks ago. if you build the tech that will kill the giant. bet everything against it.

corbin

27,437 views • 6 months ago

Arne Slot: “At the beginning, I had Trent like Mo in my office quite a lot, He is going to leave either way so why not say it? Maybe it is first gift I can give to Xabi ALONSO, I wasn't completely happy with every minute of how he was on training ground”
1:39

Arne Slot: “At the beginning, I had Trent like Mo in my office quite a lot, He is going to leave either way so why not say it? Maybe it is first gift I can give to Xabi ALONSO, I wasn't completely happy with every minute of how he was on training ground”

Real Madrid Info ³⁶

158,158 views • 1 year ago

#WATCH | Coimbatore, Tamil Nadu | Bharatanatyam dancer and daughter of Sadhguru, Radhe Jaggi says, "...This year, we are excited to put up a story about Ravana, which is a story that a lot of people don't know about. The people think of him as a villain in Ramayana, which he is. But, in India, we don't look at characters as completely bad or completely good. Ravana is the greatest example of that because as much as he was greedy, full of lust and possessive, he was also somebody who is considered the greatest devotee, a scholar...When we decided on the theme, I didn't really know about it, but this is a story that I thought would be nice to present..."
4:22

#WATCH | Coimbatore, Tamil Nadu | Bharatanatyam dancer and daughter of Sadhguru, Radhe Jaggi says, "...This year, we are excited to put up a story about Ravana, which is a story that a lot of people don't know about. The people think of him as a villain in Ramayana, which he is. But, in India, we don't look at characters as completely bad or completely good. Ravana is the greatest example of that because as much as he was greedy, full of lust and possessive, he was also somebody who is considered the greatest devotee, a scholar...When we decided on the theme, I didn't really know about it, but this is a story that I thought would be nice to present..."

ANI

394,043 views • 1 year ago

#WATCH | Delhi | On Canada Prime Minister’s visit to India, Premier of Saskatchewan Scott Moe says, “I see it in a very positive light… Our province does a significant amount of trade with India back and forth. We are very happy to see a turning point in the relations between the governments. We attended the meetings earlier this week and we are very pleased… The turning point is, I think this is going to provide many more opportunities to build on this base of commerce that we have. So, it is an exciting week for Canada and I hope it is an exciting week for India as well.”
1:06

#WATCH | Delhi | On Canada Prime Minister’s visit to India, Premier of Saskatchewan Scott Moe says, “I see it in a very positive light… Our province does a significant amount of trade with India back and forth. We are very happy to see a turning point in the relations between the governments. We attended the meetings earlier this week and we are very pleased… The turning point is, I think this is going to provide many more opportunities to build on this base of commerce that we have. So, it is an exciting week for Canada and I hope it is an exciting week for India as well.”

ANI

15,602 views • 5 months ago

Buffett says it was his idea to initiate Berkshire’s $31B investment in Alphabet. It’s now 3rd largest stock holding (behind Apple, Amex…ahead of Coca-Cola, Bank of America, Chevron) “I initiated it. I am not doing anything that [Greg Abel] doesn’t approve of. He’s not doing anything I don’t approve of. We talk all the time, but he is the decider.” Says it was a “mistake” not to invest in Alphabet earlier and frames decision as his old maxim “find businesses that earn high return on capital for extended periods of time” and one that can redeploy capital internally.
6:24

Buffett says it was his idea to initiate Berkshire’s $31B investment in Alphabet. It’s now 3rd largest stock holding (behind Apple, Amex…ahead of Coca-Cola, Bank of America, Chevron) “I initiated it. I am not doing anything that [Greg Abel] doesn’t approve of. He’s not doing anything I don’t approve of. We talk all the time, but he is the decider.” Says it was a “mistake” not to invest in Alphabet earlier and frames decision as his old maxim “find businesses that earn high return on capital for extended periods of time” and one that can redeploy capital internally.

Trung Phan

235,076 views • 1 month ago