Berkshire Hathaway's Amazon bet seems to stray from Warren Buffett's value investing style, but the Oracle of Omaha said the e-commence giant is exactly a value company.
Berkshire's vice chairman and Buffett's longtime investing partner, Charlie Munger, said he'd forgiven himself for not investing in Amazon earlier, but missing out on Google is a hard one to swallow.
"Warren and I are a little older than some people... Of course if something extreme as the internet happens and you don't catch it, other people are going to blow by you ... I give myself a pass. But I feel like a horse's ass for not identifying Google better. I think Warren feels the same way," Munger said Saturday.
"We saw it in our own operations and how well the Google advertising is working and we just sat there sucking our thumbs," Munger added.'s stock has surged from about $96 a share at its inception in 2004 to about $1,189 today.
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