Warren Buffett’s soda habit revealed as Berkshire invests $330M in Bending Spoons
Warren Buffett’s dietary quirks—including drinking five Cokes daily and avoiding water for 48 years—made headlines this week after billionaire investor Bill Ackman shared the details on a podcast. Meanwhile, Berkshire Hathaway’s stock hit a record high, and CEO Greg Abel executed a $330 million investment in software firm Bending Spoons, signaling a shift in the conglomerate’s strategy under new leadership.
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Buffett’s dietary habits steal the spotlight
Bill Ackman revealed on a podcast that Warren Buffett, Berkshire Hathaway’s 96-year-old chairman, hasn’t drunk water in 48 years. Buffett told Ackman during a dinner visit that he consumes five cans of Coke daily, a habit he has joked about in the past. In 2015, Buffett described himself as "one-quarter cola," claiming the drink accounted for 25% of his daily caloric intake.
Berkshire Hathaway’s stock reaches new high
Berkshire Hathaway’s Class B shares surged 3.2% to a record $543.06 on October 28, surpassing their previous peak from May 2, 2025. The rally followed Buffett’s unexpected announcement that he would step down as CEO the next day, a move that initially caused shares to dip for months. Under Greg Abel, Buffett’s successor, the company has resumed share buybacks and accelerated dealmaking, including expansions in home-building and AI investments.
$330 million bet on Bending Spoons
Berkshire Hathaway invested an additional $330 million in Bending Spoons, an AI-focused software firm, increasing its stake to 4%. The investment follows Berkshire’s $600 million purchase during Bending Spoons’ July market listing. The deal, structured as a private placement of 10 million shares at $33 each, sent Bending Spoons’ stock rallying 34% to $51.10. The company stated the funds would support acquisitions and strengthen financial flexibility.
Greg Abel’s leadership marks shift toward tech and AI
Since taking over as CEO, Greg Abel has reshaped Berkshire Hathaway’s investment strategy, prioritizing technology and artificial intelligence. The conglomerate has backed Alphabet’s AI initiatives, making it Berkshire’s third-largest common stock holding. Abel has also overhauled senior roles and deployed Berkshire’s cash reserves, completing two major deals in recent months. Apple remains one of Berkshire’s largest investments, but Abel’s focus on AI signals a broader shift.
What this means
Lazyfounder analysis — our interpretation, not reported fact.
Buffett’s soda habit may be a quirky footnote, but Berkshire Hathaway’s recent moves under Greg Abel are far more consequential for founders and operators. The $330 million investment in Bending Spoons—alongside backing for Alphabet’s AI ventures—shows Abel is doubling down on technology and software, a departure from Berkshire’s traditional bets on consumer staples and finance. For startups in AI, SaaS, or niche software, this could signal a new source of capital from a firm with deep pockets and patience. The rally in Bending Spoons’ shares also highlights how Berkshire’s stamp of approval can move markets, even for smaller players.
Related on Lazyfounder
Sources
- Mint (Technology) · 2026-11-01
Warren Buffett hasn’t had water in 50 years; billionaire investor Bill Ackman reveals | Watch video
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About the author
Editor, Lazyfounder
Tarun Mottlia edits LazyFounders, covering Indian startups, funding rounds, AI and product launches. Every story on the site is AI-assisted and checked against its cited sources before publication.
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