This time, Berkshire finally bought Google, the stock they publicly regretted not buying back in 2004. They invested around $5 billion, which accounts for less than 2% of their portfolio. Interestingly, some media analyses suggest that this decision wasn’t made by Buffett himself but by Todd Combs or Ted Weschler from Berkshire. Yep, this guy Todd is currently the chairman of GEICO under Berkshire and is considered one of Buffett’s potential successors. Previously, Buffett mentioned that decisions involving over $10 billion are his call, while those in the billions range are made by his deputies—though he still has the final say. The style of this Google purchase is very similar to Todd and the team’s previous investments in tech growth stocks like Amazon and Snowflake. But anyway, the Buffett team has been bullish on Google for a long time. In the past, they just felt uncomfortable with the price and the “tech stock” label. Now, with the AI narrative, Alphabet has reached a valuation they can accept, becoming the second super-core tech stock alongside Apple to balance out the tech weight in their portfolio.