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> Extra points for not mentioning AmaGooBookSoft. Alphabet (parent company of Google) is gearing up to be the Berkshire Hathaway of technology companies. If yo
by pdog 9y ago
> Extra points for not mentioning AmaGooBookSoft.
Alphabet (parent company of Google) is gearing up to be the Berkshire Hathaway of technology companies. If you read Larry Page's letter announcing Alphabet[1], it's clearly informed by Berkshire's principles of operation. It's even reflected in the name: alpha bet, or investment return above the benchmark.
[1]: https://abc.xyz/ https://abc.xyz/
- mindfulplay 9y agoThat's an incredible look into the name. I never realized this twist before, so thanks for that. Is it mentioned anywhere explicitly?
- mindfulplay 9y agoOh never mind at the very end of abc.xyz.:)
- iambateman 9y agoGoogle had a string of big failures that I think set my hypothesis against them being successful at diversification. Even though Google Apps, Gmail, Maps, Android and others play a big role in moving them beyond search. But you’re right, especially compared to Apple they’re positioning themselves to grow through acquisition. I do wonder if Amazon has the highest chance of maximizing that strategy.
- robocat 9y agoI thought a typical VC fund needs 1 of 10 investments to be a Unicorn. If watching Alphabet, wouldn't we see 9 failures or luke warm successes to the 1 big success?
- nlowell 9y agoNot if the claim is to have Berkshire-type success, which is more consistent success over very long timeframes compared to innovation and inventing new markets.