00:00I feel like the moves that Berkshire Hathaway has been making, including this investment, increased investment in Alphabet, is really
00:06the new CEO, Greg Abel, putting his stamp on the company.
00:09Yeah, I agree. Totally, Scarlett. I think what I wanted to see was Greg hitting singles and doubles. And I
00:14think that's exactly what these two deals are.
00:16The HomeBuilder deal fits in nicely with some of their existing businesses.
00:22Their supply chain issues can be solved by some of the Berkshire businesses.
00:25And this Google deal, upping it to about a $30 billion investment in the company for them, I think is
00:31another one and a move away from Warren Buffett's core competencies.
00:34Right. And Warren Buffett, I mean, he did invest in some tech, Apple notably, but he didn't really go all
00:39in on technology.
00:40Does this signal Berkshire Hathaway going all in on technology?
00:44I don't think so exactly. I think they look at Google and they say, OK, we've got a great moat
00:49in search.
00:49You've got a great moat in advertising. And that kind of fits into a typical Berkshire business, despite it being
00:55this AI heavy investment.
00:56I think they look at those things first and then the AI and other tech probably separately.
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