SoftBank is the Berkshire Hathaway of technology, says Bernstein

Softbank's core business is tech investing

Is Masayoshi Son the next Warren Buffett?

A note from Sanford C Bernstein & Co. argues that Son’s SoftBank Group Corp is the next Berkshire Hathaway Inc.

“We like to think of SoftBank as a tech-focused Berkshire Hathaway,” analyst Chris Lane wrote, noting that investor returns have been similarly strong. In fact, Lane finds a lot that the Japanese and US firms have in common.

For starters, both are hard to define, Lane writes. SoftBank uses cash from its core telecommunications operations to invest in companies positioning to be part of the future – like e-commerce, microprocessor designs and robotics. And