No. of Recommendations: 9
That's a lot of GOOG(L)
I suspect (predict) that they were buying more in the open market since end of quarter. Berkshire isn't one to dabble--if they know and like and trust something at a given price, a really big gulp is better than a moderate gulp. At this scale, $38bn counts as a moderate gulp. Now $60+ billion looks like a nice position size to me, at the right price.
If they liked it at $350, they'll have liked it even better at $316-336. And it's still under the new issue price of $350.
Personally I don't think the current prices are very attractive entry points, but at a certain growth rate of intrinsic value per share it doesn't matter very much for Berkshire: at worst a year or two of flat spot.
Jim
