No. of Recommendations: 11
Really??!!!?? I highly doubt it. Have Buffett and Munger ever placed an ad with google? Has Berkshire ever placed an ad? I'm sure some of the company holdings (KO, AAPL, etc) have, but I doubt it's very widespread at Berkshire wholly owned companies.A quick search shows these quotes by CNBC from the annual meeting in 2017:
Warren Buffett admitted to shareholders Saturday that he made a mistake by not buying Google
shares years ago,
when the company was getting $10 or $11 per advertising click from Berskhire
consumer insurance company subsidiary Geico.The Oracle of Omaha also professed ignorance on other big technology stocks, whose rallies he missed because he didn’t quite appreciate their value proposition at first glance.
On CNBC’s “Squawk Box” on Monday, Buffett said, “If I was forced to buy [Google-parent Alphabet] or short it, I’d buy it; same way with Amazon. But it’s as little hard when you look at something at ‘X’ and it sells at 10X to buy it.”
“That’s cost people a lot of money at Berkshire,” he said.
cnbc.com - Warren buffett admits he made a mistake on google
