Buffett Surprises Again With Snowflake Investment

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About: Snowflake Inc. (SNOW), Includes: BRK.A, BRK.B
by: Bram de Haas
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Summary

Berkshire Hathaway and Warren Buffett are making surprising moves this year.

They've invested in a gold miner, Japanese trading houses and now the IPO of a SaaS business in Snowflake.

Snowflake's business has several characteristics that Buffett traditionally gravitates towards.

At 40x sales, it is still a bet that seems highly out of character.

Snowflake released its S-1 and will IPO with the ticker SNOW. The company was founded in 2012. It is the second-fastest growing SaaS company at the time of IPO. It is the No. 3