“I feel like a horse’s ass for not identifying Google. We screwed up.” — Charlie Munger Listen to the deep-dive discussion – Why Berkshire Hathaway Bet on Alphabet AI Download the Slide Deck (PDF) The_Alphabet_Architecture I. The Decision Worth Defending When Berkshire Hathaway committed $10 billion to Alphabet at roughly $350 per share,…
Month: June 2026
$190 Billion to Grow – What the AI Race Reveals About the Cost of the B
“For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.” — Warren Buffett Listen to the deep-dive discussion – Why Alphabet dilutes shareholders for AI Download the Slide Deck (PDF) : The_Growth_Ledger_Averagingup I. The Headline On June 1st,…
Visa vs Mastercard – Why the Market Pays a Premium for the Smaller Twin
“Charlie and I always knew we would become very wealthy. We were just not in a hurry.” — Warren Buffett Listen to the deep-dive discussion – Why Visa is cheaper than Mastercard Download the Slide Deck (PDF) The_Payment_Twins I. The Rarest Architecture on Earth Every business has two forces operating inside it. The A…