Silver Lake was labeled the ‘Warren Buffett of tech’ for investing billions during the pandemic. It’s emulating Buffett again with its new 25-year strategy



Warren Buffett wearing a suit and tie: Warren Buffett Getty Images


© Getty Images
Warren Buffett Getty Images

  •  Silver Lake is launching a 25-year investment strategy, The Wall Street Journal reported on Tuesday.
  • The private-equity giant is becoming even more like Warren Buffett with its longer investing timeframe.
  • Silver Lake has invested billions of dollars in Twitter, Airbnb, Expedia, and other businesses during the pandemic, similar to how Buffett handed cash to the likes of Goldman Sachs and General Electric during the 2008 financial crisis.
  • The firm has also emulated Buffett by lending money at lofty interest rates and securing equity warrants.
  • Visit Business Insider’s homepage for more stories.

Silver Lake pulled from Warren Buffett’s playbook when it injected cash into ailing companies during the coronavirus crash this year. The private-equity giant is emulating the famed investor once again with the launch of a 25-year investment strategy.

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Abu Dhabi’s sovereign-wealth fund, Mubadala, is acquiring a sub-5% stake in Silver Lake and contributing $2 billion to the new fund, The Wall Street Journal reported, citing people familiar with the matter.

Silver Lake, which manages more than $60 billion in total assets, has a quarter of a century to employ Mubadala’s cash and realize any gains — more than double the usual 10-year timeframe for private-equity funds, The Journal said.

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Buffett, the billionaire CEO of Berkshire Hathaway, has championed long-term investing for decades and held stocks such as Coca-Cola for more than 30 years. “Our favorite holding period is forever,” Buffett wrote in his 1988 shareholder letter.

Silver Lake hasn’t just adopted a Buffett-esque investment horizon, it has also taken up his mantle

Dell announces new XPS 13 and XPS 13 2-in-1 with Tiger Lake processors

Dell has announced new refreshes to its XPS 13 and XPS 13 2-in-1. Both are powered by Intel’s 11th Gen Tiger Lake processors and will be available in the US and Canada on October 1st (and more countries in the coming weeks). The XPS 13 starts at $999; the 2-in-1 starts at $1,249. The new XPS was first teased onstage at Intel’s Tiger Lake launch earlier this month.



a clock sitting in the snow: The new Dell XPS 13, the best laptop of 2020 so far, is getting a refresh.


© Dell
The new Dell XPS 13, the best laptop of 2020 so far, is getting a refresh.

The upgrades mostly look like spec bumps. In addition to the new processors, both models have received a memory update: they’re now running LPDDR4x at 4,267MHz, rather than 3,733MHz. Like many other Tiger Lake flagships, they’ll also support Thunderbolt 4 and Intel’s Xe integrated graphics.

The 2-in-1 has also gotten a similar redesign to one that the early-2020 XPS received. What you’re most likely to notice is the new screen-to-body ratio. Dell says the convertible display is 7 percent larger than those of previous generations — you can tell that the bezels, particularly those on the top and bottom, have gotten smaller.



a view of a city by the water: The XPS 13 2-in-1 has a new processor and a new design.


© Image: Dell
The XPS 13 2-in-1 has a new processor and a new design.

Dell also announced a “developer edition” of the XPS 13. It’s a Linux-based device and the first laptop to come preloaded with Ubuntu 20.04 LTS. Dell is also offering an Ubuntu 20.04 LTS download to anyone who owns an XPS 13 and wants to switch their system over, regardless of whether they have a developer edition.

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The new XPS 13 systems have two color options: “platinum silver with black carbon fiber interior” or “frost with arctic white woven glass interior.” The portfolio is part of Intel’s Evo program.

Dell says the entire XPS 2020 line