Warren Buffett's Unconventional Tech Investment Approach Revealed by Berkshire Hathaway
Published on: March 10, 2024
Warren Buffett is a super famous investor who's been running a big company called Berkshire Hathaway for more than 50 years. Since he started, the company's shares have grown a crazy amount, way more than the average market. If you had invested just $100 with him in 1965, you'd have over $3.7 million now! Buffett's secret? A simple, but really smart, way of picking companies to invest in.
Buffett likes to invest in companies that make good money, grow steadily, and have great leaders. He also looks for ones that share their profits with shareholders. He's not usually into chasing the latest trends, but he's still got a big chunk of his money, about half of it, in companies that are into AI (Artificial Intelligence).
Three of these AI companies are really important in Berkshire's investments. First up is Snowflake, which is all about cloud computing. It helps big companies organize and understand their data. It's a small part of Berkshire's investments but is growing fast in the AI world with cool tools like AI chatbots.
Then there's Amazon, which you've probably heard of. It's not just an online store; it's also big in cloud computing and AI. Amazon is creating its own AI chips and has a lot of different AI projects, which makes it a good choice for investing in technology.
The biggest of these tech investments is Apple. Almost half of Berkshire's tech money is in Apple. Apple is known for its iPhones and computers, but it also uses AI in lots of ways, like in Siri, the voice assistant, and in suggesting songs in Apple Music.
In summary, Warren Buffett may be known for his traditional investment style, but he's also pretty smart with tech investments. By putting money into Snowflake, Amazon, and Apple, he's getting into the exciting world of AI, which could lead to even more success for his company in the future.