Did Warren Buffett Sell This Artificial Intelligence (AI) Stock Too Soon?
Warren Buffett is the CEO of the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) holding company, where he helps manage a $287 billion portfolio of stocks, in addition to numerous privately held subsidiaries. His notoriously simple investing strategy has led to market-beating returns for the last 59 years.Buffett invests in companies with steady growth, reliable profits, and strong management teams. He especially likes those with shareholder-friendly initiatives, like dividends and stock buyback programs. One thing the investing legend never does is chase the latest stock market themes -- not even those as powerful as artificial intelligence (AI).Berkshire invested in a cloud computing company called Snowflake (NYSE: SNOW) in 2020. It didn't appear to tick many of Buffett's usual boxes at the time. As a result, I wasn't surprised when the conglomerate sold its entire position last year. Continue reading
Warren Buffett is the CEO of the Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) holding company, where he helps manage a $287 billion portfolio of stocks, in addition to numerous privately held subsidiaries. His notoriously simple investing strategy has led to market-beating returns for the last 59 years.
Buffett invests in companies with steady growth, reliable profits, and strong management teams. He especially likes those with shareholder-friendly initiatives, like dividends and stock buyback programs. One thing the investing legend never does is chase the latest stock market themes -- not even those as powerful as artificial intelligence (AI).
Berkshire invested in a cloud computing company called Snowflake (NYSE: SNOW) in 2020. It didn't appear to tick many of Buffett's usual boxes at the time. As a result, I wasn't surprised when the conglomerate sold its entire position last year.
