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Is the New Google More Like Berkshire Hathaway, General Electric or AT&T?

3 点作者 jeo1234将近 10 年前

1 comment

adam419将近 10 年前
Google is absolutely nothing like Berkshire Hathaway.<p>While people make the monopoly&#x2F;conglomerate&#x2F;holding company analogy, they forget an important difference.<p>Berkshire Hathaways&#x27; talent and specialty lies in identifying sound-money businesses that are undervalued, and then making appropriate financial and management changes to bring them at or above their book value.<p>Google, and Alphabet on the other hand is in the business of making highly asymmetric bets on the future. The majority of their gains will come from few investments.<p>Probabilistically they&#x27;re in two entirely different domains.