Warren Buffett says he initiated Berkshire's Alphabet bet, but it is not his favourite. Here's why

Warren Buffett disclosed he personally initiated Berkshire Hathaway's recent $10 billion private placement in Alphabet, though he stated it is not among his favorite holdings. Berkshire held $16.6 billion of Alphabet shares as of March 31, making it one of its top five common stock positions. Buffett reiterated that Apple remains a favorite even as CEO Tim Cook steps down, and discussed the leadership transition to successor Greg Abel who took over as Berkshire CEO on January 1.