[joshstaiger]

Sure, but Berkshire is also explicit about the fact that they only acquire pre-existing "remarkable" businesses.

They may benefit from the firehose, but were already self-sufficient without it.

That’s in stark contrast to the Google/Alphabet model, where there’s no way driverless cars could exist independent of the adwords firehose.

It’s waaaay more speculative. On the order of VC investing. Rather than Berkshire’s value investing.

It’ll be interesting to see how this plays out.