"His "aw, shucks" Midwestern attitude, his ability to be calm and patient when nearly every other investor in the market is freaking out, and is inane sense of timing to understand the trends that are really going to impact long-term holdings that suggest buy and sell signals, makes him a favorite for investors looking for direction on how to position their portfolios moving forward."
"Thus, when Buffett (and his team) decide to make a rather large bet on a mega-cap tech stock in the middle of what appears to be a market rout for many names in this space, investors take notice. Buffett will be stepping down as CEO of Berkshire Hathaway ( NYSE:BRK-B) in a little more than a month, but he's still making an impact at the firm he's been CEO of for decades."
Warren Buffett placed a $4.3 billion bet on Alphabet, signaling a major stake in a mega-cap tech company known for strong free cash flow. Buffett will step down as Berkshire Hathaway CEO within weeks while remaining influential at the firm. The Alphabet investment contrasts with Buffett's historical avoidance of the broader tech sector aside from his Apple position, which he is partly unwinding. Some observers question whether Buffett personally made the purchase or whether Berkshire's investment team and incoming CEO Greg Abel executed the trade. The move raises questions about whether the stake is a long-term holding or a shorter-term trade.
Read at 24/7 Wall St.
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