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Yes. Apple was the largest investment in terms of actual dollars outlaid. There are certainly enough lower tech opportunities out there for them, too. But everything is valued sky-high, and Buffett won’t commit capital if a company isn’t at the right price. The discipline they have is superhuman. It’s just a matter of Berkshire waiting out the current interest rates and valuation landscape. Does Buffett regret not having invested in tech earlier? He’s said that he should have bought Google stock. So it’s not just things that you do but the things you don’t do, which is the full opportunity cost. ....
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