No. of Recommendations: 1
I’m going to go out on a limb and guess why Warren Buffett never bought Alphabet, META or Amazon. I will refrain from using the word “TECH“
Arguably, a new economic ecosystem has been minted, mundane things like “product”, “customer”, “service provider” etc. have blurred. For instance, when I do an internet search, what am I? Customer? User? Supplier? Product? something else? Sure, it has been wildly successful. Sure, it has been nearly two decades already. Sure, Buffett groaned as Geico paid “$11 per click” for their ad placements. Yet, for Buffett or Munger, this brave new world likely found itself in their “too hard” pile. Perhaps, “impossibly hard” as it is an ecosystem thing, not just another business to evaluate. They watched the movie get off to a rollicking start but they couldn’t see how it’s going to end! Lacking this basic understanding, they passed to look elsewhere. Period.
If my reasoning above is correct, I’ll go out on an extreme limb here and say that the Alphabet purchase will be unwound in due course as it was a Todd thing. It’s a 50% probability that it was a Todd thing. Buffett had other things in mind over the past year. We’ll see in due course if my hunch is correct.
