Buffett partner says ‘ashamed’ for missing Google boat

Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. AFP

OMAHA — Charlie Munger, business partner of billionaire Warren Buffett, said Saturday the two are “ashamed” of not having invested in Google, which has become one of the world’s most valuable companies.

Buffett’s Berkshire Hathaway empire, of which Munger is vice president, recently took a stake in Amazon and has a $40 billion stake in Apple, but has generally steered clear of the technology sector.

READ: Google Stock: How Much You Would Have Now If You Invested $1000 10 Years Ago

“We are ashamed,” Munger, 95, told a shareholder at the annual Berkshire meeting in Omaha, when asked about the absence of an investment in Google.

“We just sat there sucking our thumbs,” Munger said.

“We screwed up,” he said, without indicating whether Berkshire Hathaway aimed to catch up now.