Warren Buffett Regretted Not Investing in Alphabet Earlier. New CEO Greg Abel Won't Have the Same Worry.
Berkshire Hathaway CEO Greg Abel makes his bet on which company will be a leader in AI.
Overview
Even as one of the greatest investors of all time, Warren Buffett made mistakes and has regrets. One of those regrets involved Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), which may sound surprising, given that Buffett mostly shied away from tech investments.
Still, he said in an interview with CNBC that he had "made a mistake" by not investing in the tech giant sooner. Based on Greg Abel's moves thus far as the new CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB), however, he's making sure Berkshire won't miss out on any future gains from Alphabet.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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