A mix of Marvell, Broadcom, Amazon and other Big Tech is likely to outperform Berkshire Hathaway with relatively low risk in the years ahead, extending Berkshire's heavy underperformance versus a basket of Big Tech. x.com 

Alphabet's businesses beyond search are why it will lead the real AI boom. Google Cloud, DeepMind and Waymo broaden its reach, and its $900 million SpaceX investment is now worth $85 billion. Fear emerging as the shares fall is an opportunity; a decline toward the buy zone is welcome, even as Q3 capex has taken a large hit out of free cash flow. x.com  x.com  x.com  x.com 

Berkshire Hathaway benefits from a flight to low-beta quality stocks that are not burdening themselves with AI debt. Its shares are up 10% in October, while three of its largest holdings, Apple, Coca-Cola and Chevron, have been surging. Boring pays. x.com 

Berkshire Hathaway's recent bets show impressive mental dexterity, but they are still small dollars for a company its size. It bought Alphabet above its long-term average multiple, at more than twice its price of a year earlier, perhaps the highest multiple Berkshire has paid for an investment that size, apparently betting on good returns from roughly $200B of growing AI capex. It also bought Delta despite Buffett calling airlines a mistake after COVID. x.com  x.com 

Berkshire Hathaway's $10B investment in Alphabet's $80B equity raise for AI infrastructure endorses the AI buildout that bears said would fail. By participating, Berkshire is effectively saying the dilution needed to fund the next phase of AI infrastructure won't matter in the long run. The upward momentum should only accelerate from here. x.com 

Berkshire Hathaway is a hedge for a tech-heavy portfolio against a tech correction, an oil shock or an inflation spike. It offers defensive exposure to insurance, energy and rails, a cash pile of over $350 billion that makes it an optionality machine, and a culture of discipline and compounding that should outlast Buffett. Possible bad surprises from the Iran conflict make that protection worth having during inevitable rotations. x.com 

Berkshire Hathaway is no longer an attractive investment because Warren Buffett's successor lacks his patience for the fat pitch. The biggest fear was that whoever followed Warren would be too old and otherwise not Warren, and that fear has come true. x.com 

Berkshire Hathaway is built for long-term survival rather than maximum returns, earning a Risk Shield rating of 95/100 that puts it in the top 5% of stocks globally. Growth is average and quality only slightly above average, but the balance sheet holds a record $397 billion of cash, 31% of total assets, with negative net debt, low beta and low volatility. x.com 

Berkshire Hathaway is effectively a lower-beta version of the S&P 500 unless Greg Abel reinvents the wheel, and that makes it a better buy than the index during selloffs like this one. Its 20-year total return exactly matched the S&P 500's at 694.6%, with milder drawdowns but milder upside in tech-led rallies. Much of its roughly $400B cash pile is insurance float, so less is available for buying stocks, and outside tech nothing big enough is both deep value and growth to be the next Apple. … Show more

The S&P 500 is unusually vulnerable for the next several years because it is concentrated in richly valued mega-caps forced into an AI arms race. They are committing about $750B to AI in 2026, roughly all their free cash flow, plus equity raises like Google's $85B and about $224B of bonds this year. Much of that becomes a productivity subsidy for the rest of the economy, so active managers can beat the index with smaller firms that benefit without funding it, from suppliers to AI adopters. x.com