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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: nola622   😊 😞
Number: of 21943 
Subject: Re: SNOW
Date: 08/23/24 11:37 AM
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No. of Recommendations: 16
Didn't Berkshire just disinvest from it too?

Yes, Todd Combs purchased SNOW shares for his portfolio at Berkshire at the IPO price of $120/share. Held through ups and downs over several years. Sold all of it during Q2 for an average of $131.90 / share. A small "profit" but a bad investment outcome.

GIECO, under his watch, had hired the Snowflake guru Linda Apsley to be the CIO and refocus the company as a more data-centric competitor like Progressive, Capital One, etc. Apsley had run up big Snowflake bills at each of her past 3 jobs, starting at COF, Snowflake's biggest customer. She was let go from GEICO in July 2023 and GEICO has probably become a bit less enamored with Snowflake since that time.

Seems like something called "Databricks" now has GEICO's affections? Maybe that is a competitor to Snowflake, maybe not. It is all above my pay grade.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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