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Buffett bought 75 million Apple shares last quarter, paying market price for a very successful company. His investment philosophy is based on making the distinction between the market price of something and its intrinsic value, and looking for discrepancies between the two [1].

[1] https://www8.gsb.columbia.edu/articles/columbia-business/sup...

I think Buffett et all are betting Uber is not “at the top” and still has significant room to grow. If new investors are buying at a 62B (recent tender offer), they’re expecting some level of increase over the next 18 months and when Uber goes public.

> that are already currently very successful.

That is typical Buffett, invest in proven successful companies. About buying at the top, maybe Buffett sees that Uber still has long way to go up. Based on history, he is usually right.