"But until he's out of his seat, Buffett appears to be very willing to make big moves within his portfolio that will benefit other generations down the line. Berkshire's impressive $4.9 billion bet on Alphabet ( NASDAQ:GOOG) has actually been increased of late, suggesting that the Oracle of Omaha and his team are more bullish on this high-growth tech stock than they initially were during their 13-F filing Wall Street is talking so much about right now."
"I think the decision has come amid Buffett's move to trim his Apple ( NASDAQ:AAPL) position. Given the fact that we now live in a tech-driven economy, even the most cautious and defensive investors of all time appear to recognize the importance of owning a slice of the growth engine of the U.S. economy. And as Buffett has long said, this is an economy that's not worth betting against for any extended period of time."
Warren Buffett will step down as Berkshire Hathaway CEO in just over a month while continuing to reposition the portfolio for long-term growth. Berkshire increased a $4.9 billion stake in Alphabet, indicating greater bullishness on that high-growth tech company. Buffett trimmed the Apple position and appears to be reallocating toward companies central to AI, cloud computing, and data growth. Alphabet presents a way to access secular technology trends with a reasonable valuation relative to other mega-caps. The moves reflect a focus on owning high-quality exposure to the evolving tech-driven U.S. economy.
Read at 24/7 Wall St.
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