Alphabet rallies after Berkshire reveals stake. Why Buffett’s firm likely bought it

Key Points

Berkshire Hathaway owned roughly $4.3 billion worth of Alphabet as of Sept. 30, making it the firm’s 10th largest equity holding, a filing showed.
The Alphabet investment likely came from one of his two lieutenants, Todd Combs or Ted Weschler.
Though its size suggests it likely had the blessing of Buffett, who is stepping down as CEO at the end of this year.

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