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Posted at: May 5, 2019, 10:32 AM; last updated: May 5, 2019, 10:32 AM (IST)

Buffett partner says ‘ashamed’ for missing Google boat

Buffett partner says ‘ashamed’ for missing Google boat
Buffett’s Berkshire Hathaway empire has generally steered clear of the technology sector. Thinkstock

Omaha (US), May 5

Charlie Munger, business partner of billionaire Warren Buffett, said on Saturday the two are “ashamed” of not having invested in Google, which has become one of the world’s most valuable companies.

Buffett’s Berkshire Hathaway empire, of which Munger is vice-president, recently took a stake in Amazon and has a $40 billion stake in Apple, but has generally steered clear of the technology sector.

“We are ashamed,” Munger, 95, told a shareholder at the annual Berkshire meeting in Omaha, when asked about the absence of an investment in Google.

“We just sat there sucking our thumbs,” Munger said. “We screwed up,” he said, without indicating whether Berkshire Hathaway aimed to catch up now. — AFP

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