Berkshire Hathaway’s profits earned betting on Apple Inc. may atone for missing out on other technology giants, Vice Chairman Charlie Munger said.
Munger said he gives himself a pass for not predicting Amazon.com Inc.’s ascent, since Jeff Bezos is a “miracle worker.” But he decreed that not buying shares of Google was a big mistake.
“We just sat there sucking our thumbs,” Munger, who spent much of the company’s Q&A session nibbling on peanut brittle, said about not buying Google. “We’re ashamed.”
Berkshire is probably up more than $10 billion on its Apple investment after that company’s shares jumped 20 percent in the first quarter.
Berkshire Chairman Warren Buffett said an investment made by one of his deputies in Amazon last quarter doesn’t depart from the value investing approach he’s used in his long career.
Munger said he gives himself a pass for not predicting Amazon.com Inc.’s ascent, since Jeff Bezos is a “miracle worker.” But he decreed that not buying shares of Google was a big mistake.
“We just sat there sucking our thumbs,” Munger, who spent much of the company’s Q&A session nibbling on peanut brittle, said about not buying Google. “We’re ashamed.”
Berkshire is probably up more than $10 billion on its Apple investment after that company’s shares jumped 20 percent in the first quarter.
Berkshire Chairman Warren Buffett said an investment made by one of his deputies in Amazon last quarter doesn’t depart from the value investing approach he’s used in his long career.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price