Berkshire's Charlie Munger Says Not Buying Google Was a Mistake

Berkshire's Charlie Munger Says Not Buying Google Was a Mistake

Berkshire Hathaway Inc has been buying Amazon shares and the purchases will show up in a regulatory filing later this month, Buffett told CNBC in an interview Thursday. Additionally, the new 20-year lease will allow the company to expand to a second floor in its current building.

Mega-investor Warren Buffett says that Apple's most recent earnings confirm "the reason [my firms owns] $50 billion-plus of Apple".

Today marks the beginning of the yearly invasion of Berkshire Hathaway shareholders, with the shareholder shopping day taking over the CHI Health Center, starting at noon.


That means Berkshire Hathaway's corporate culture should live on even after Buffett is gone.

Berkshire said the numbers don't include any contributions from its ownership of more than one-quarter of Kraft Heinz, which has struggled recently.

Buffett's admission also may signify something about Berkshire's future - namely, the conglomerate's future when Buffett, 88, and longtime partner Charlie Munger, 95, are no longer a part of its present. "I hope [Buffett] lives forever, but that's probably not a good bet".


The Amazon stake further cements the relationship between Berkshire and Bezos's company. Buffett has repeatedly praised Amazon and its CEO Jeff Bezos in the past.

An ill-fated 2011 investment in IBM was Berkshire's first bet on tech and was followed five years later, and on a much larger scale, with the purchase of shares in iPhone maker Apple.

Berkshire Hathaway has holdings in companies such as American Express, JPMorgan Chase and Goldman Sachs, and is active in sectors like insurance (Geico), rail (BNSF) and energy (PacifiCorp). The shareholder meeting is Saturday.


Unlike other annual meetings, the goal here is not to release company results but to hear Buffett identify companies that he might invest in, or from which he might withdraw his money.

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