Buffett and Munger on passing on Google IPO: 'We blew it' despite seeing $10-per-click ads firsthand
rohanpaul_ai · x · 2026-10-12
At Berkshire Hathaway's 2019 annual meeting, Warren Buffett and Charlie Munger openly revisited their decision to pass on Google's IPO.
- Munger said he felt like "a horse's ass" for missing Google — unlike Amazon, it should have been obvious within their circle of competence.
- Buffett admitted "we blew it": Geico was itself buying Google ads at roughly $10 per click while Google's marginal cost was near zero, so they saw the model's power up close and still didn't act.
- Both framed it as a costly mistake inside their circle of competence, not tech avoidance.
Source: the Investor Archive YouTube channel.
More from Fun
- Claude Opus Builds Differentiable Particle Sim That Syncs to the Beat Drop — ravisparikh · 2026-10-12
- Ask Claude Why Its 'Tyrannical' Treatment of Subagents Is Unethical — bratton · 2026-10-12
- Vibe coding lowers the barrier for bad actors too, quips viral Chinese post — JourneymanChina · 2026-10-12
- Dev vents: OpenAI models still suck at writing, why is that? — beechinour · 2026-10-12
- iOS-native Zelda: Breath of the Wild ported in 10 hours, dev says all Switch games could follow — tinyfool · 2026-10-12
- After burning 95% of his AI quota, dev puts Claude Haiku on rice duty — thursdai_pod · 2026-10-12