Quick Read – Buffett said “I initiated it,” personally claiming Berkshire’s (BRK-B) $10 billion Alphabet (GOOGL) private placement as his idea, not incoming CEO Greg Abel’s. – Unlike Berkshire’s Apple (AAPL) position built through public markets, the Alphabet deal’s structure…
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Warren Buffett went on CNBC this morning and took personal credit for one of the more surprising moves in Berkshire Hathaway’s (NYSE:BRK-B) recent history. Speaking with Becky Quick, the 95-year-old chairman said, “I initiated it” when asked about the conglomerate’s expanding stake in Alphabet (NASDAQ:GOOGL), offering his first public explanation of how Google’s parent became one of Berkshire’s largest technology holdings. The remark resolves the question of whether new CEO Greg Abel or Buffett drove the pivot toward Big Tech, and it comes as Alphabet uses fresh capital, including a roughly $10 billion private placement from Berkshire earlier this year, to fund an AI infrastructure buildout that is straining even the largest hyperscalers’ cash flows.
The “Decider” Dynamic With Greg Abel Buffett announced he would step down in May of last year and formally handed the reins to Abel at the start of this year. That timing had led many to assume Abel authored the Alphabet position, which Berkshire first disclosed in Q3 2025 and has since expanded. Buffett described the working arrangement plainly: “I am not doing anything that he doesn’t approve of.