Why Warren Buffett feels worse about missing Google than Amazon.
"I don't mind not having caught Amazon early," Munger said at Berkshire Hathaway’s annual shareholders meeting.
Munger characterized Amazon founder Jeff Bezos as a"miracle worker” who evolved his business in ways no one could foresee."I feel like a horse's ass for not identifying Google,” Munger said. “I think Warren feels the same way. We screwed up."They both noted that they had insight into Google because they were using the advertising at Berkshire-owned insurance company GEICO.
"We could see in our own operations how well that Google advertising was working and we just sat there sucking our thumbs, so we are ashamed. We're trying to atone,” Munger said. “Maybe Apple was atonement.”"When he says, ‘sucking our thumbs,’ I'm just glad he didn't use some other example," Buffett joked.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'We screwed up' not buying Google shares, Berkshire's Munger saysOne of Warren Buffett's and Charlie Munger's biggest regrets was not buying shares of Google owner Alphabet Inc.
Read more »
Google spends hundreds of millions of dollars on content review: letterAlphabet Inc's Google unit told a U.S. House panel it annually spends hundreds of millions of dollars on content review and said it manually ...
Read more »
Former Google executives Eric Schmidt, Diane Greene to leave boardGoogle parent company Alphabet Inc said on Tuesday former chairman and chief executive officer of the internet search giant, Eric Schmidt, will ...
Read more »
Commentary: Would you let Google Maps rename your neighbourhood?Three neighbourhoods in San Francisco had their moniker changed and residents decried it, Raechel A Portelli at Michigan State University points out.
Read more »
Fiat Chrysler picks Google, Samsung for global connected car systemFiat Chrysler said on Tuesday it will use technology from Alphabet Inc's Google and Samsung to connect all its vehicles by 2022, providing music ...
Read more »
Former Google CEO Eric Schmidt to step down from boardGoogle parent company Alphabet Inc said on Tuesday former chairman and chief executive officer of the internet search giant, Eric Schmidt, will ...
Read more »
US Supreme Court seeks Trump administration views on Google-Oracle copyright feudThe U.S. Supreme Court on Monday asked the Trump administration to offer its views on whether it should hear Google's bid to end Oracle Corp's ...
Read more »
Google parent Alphabet's revenue misses estimates, rises at slowest pace in three yearsREUTERS: Alphabet Inc's Google failed to reap the benefits of a strong economy that bolstered rivals in the first quarter, leaving the search ...
Read more »
Google parent struggles with mobile clicks, YouTube changes, shares down 7 percentGoogle-parent Alphabet Inc missed Wall Street estimates for first-quarter revenue on Monday, amid increased scrutiny on the company's privacy ...
Read more »
Google parent struggles with mobile clicks, YouTube changes, shares down 7per centREUTERS: Alphabet Inc's Google failed to reap the benefits of a strong economy that bolstered rivals in the first quarter as the leading internet ...
Read more »
'Woodstock for Capitalists' in US celebrates Warren BuffettNEBRASKA: Two words are on the lips of the tens of thousands who have descended on this small city in the American heartland: 'Warren Buffet'. ...
Read more »