By TOI Tech Desk
Publication Date: 2026-01-04 06:30:00
Warren Buffett and the late Charlie Munger have long called missing Google‘s 2004 IPO one of their biggest investing mistakes—a regret they finally addressed in Q3 2025 by purchasing a $4.3 billion stake in Alphabet, Berkshire Hathaway’s first-ever position in the tech giant.In a 2017 shareholders meeting clip that resurfaced recently, Munger bluntly admitted: “We screwed up.” Buffett explained they had direct evidence of Google’s potential through GEICO, Berkshire’s insurance subsidiary, where $10-per-click ads with “marginal cost of exactly zero” delivered massive returns. “We could see in our own operations how well that…