Buffett Reveals $10B Alphabet Investment Was His Call, Downgrades Apple Priority

Warren Buffett said on Wednesday (July 15) that Berkshire Hathaway's recent major investment in Alphabet was initiated by him personally, not successor Greg Abel. Buffett also disclosed that at least four or five other holdings rank higher than Apple in his investment priorities, despite Apple remaining Berkshire's largest position. He characterized U.S. stock markets as increasingly dominated by short-term speculation rather than long-term value investing, comparing the market to "a church with a casino attached." Buffett cited Berkshire's $10 billion participation in Google's recent private capital raise as backing the company's AI infrastructure needs.
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