What Warren Buffett Sees in Berkshire Hathaway’s New Amazon Stake

WASHINGTON DC- DECEMBER 14 Susie Buffett and Warren Buffett arrive at

Previous year in an interview with CNBC, Warren Buffett said: "The truth is that I've watched Amazon from the start and I think what Jeff Bezos has done is something close to a miracle, and the problem is if I think something is going to be a miracle I tend not to bet on it". On Friday, shares of Amazon jumped more than 3%.

Warren Buffett revealed on May 2 that Berkshire Hathaway has been buying Amazon shares.

That hasn't just benefitted Buffett, but also Apple shareholders in general. After having praised the business model of Jeff Bezos and Amazon.com Inc.

Antonio Rüdiger ruled out of Chelsea run-in after knee surgery
But Eintracht Frankfurt , now fourth in the Bundesliga, are unbeaten in 11 home games in the Europa League, winning nine of them. Cahill joins Antonio Rudiger on the injury list, with the German centre-back sidelined for three months with knee surgery.

In 2017, Buffett told CNBC that "stupidity" was to blame for his not seeing Amazon's potential.

Berkshire Hathaway also has significant stakes in companies like the food conglomerate Kraft-Heinz.

The news of the investment comes ahead of Berkshire's annual shareholder meeting this weekend in Omaha, when tens of thousands of investors head to the Nebraska city to hear the billionaire and his longstanding business partner, Charlie Munger, opine on their investment strategy and views of the world. Buffett's assistant didn't immediately respond to a message seeking comment.

Biden targets Trump, touts union ties in first rally
Biden has highlighted his longstanding support for trade unions and his appeal to blue-collar workers across the country. WIN!" "I think the moral obligation is to rebuild the middle class, that's my north star", Biden said.

"Yeah, I've been a fan, and I've been an idiot for not buying", Buffett told CNBC. Approaching $1 trillion valuation once more, Apple stock is up more than 32% this year. His US$10 billion investment in the computer giant in 2011 was a curiosity for Berkshire, and it didn't end well.

We spoke to folks at Brooks Shoes, who showed off its footwear designed for shareholders, which happen to be the same ones they gave Warren Buffett.

The $21.66 billion overall profit, or $13 209 per Class A share, compared with a year-earlier net loss of $1.14 billion, or $692 per share, and a fourth-quarter net loss of $25.39 billion.

Barr's testimony to House on Mueller in doubt amid dispute
Under the Democrats' plan, committee counsel would be able to fill in gaps or dig deeper into areas of Barr's testimony. Barr is now scheduled to appear before the Republican-controlled Senate Judiciary Committee on Wednesday.

An ill-fated 2011 investment in IBM was Berkshire's first bet on tech and was followed five years later, and on a much larger scale, with the purchase of shares in iPhone maker Apple.

Related News:



Most liked

Measles Outbreak 2019: 'Avengers: Endgame' Moviegoers Possibly Exposed
Measles cases in the US are at the highest on record "since the disease was declared eliminated nationwide in 2000", CNN reported. Health officials say she is in her 20s and had recently returned from a vacation in Vietnam, where there is a measles outbreak.

What's on Google's plate after Pixel sales dip in Q1
The Pixel 3a will also come fitted with an orange power button and a plastic design instead of the glass design on the Pixel 3. Both the phones will also incorporate Motion Focus and Portrait Mode features, accompanied by unlimited Google Photos storage.

Oculus Rift S gets May 21 release date in Microsoft Store
Oculus Quest may become the VR headset for the mainstream but Oculus hasn't forgotten its original base of PC gamers. The default version of Oculus Quest with 64 GB storage costs $399, but there's a 128 GB version available for $499.

No deal with any country on Masood Azhar, clarifies India
The UN decision means a freeze on Masood Azhar's finances and assets, a travel ban and an arms embargo. The proposal on which China had placed its hold was moved by France , UK and the US.

Nadler gives Barr Monday deadline to produce full Mueller report
It also described attempts by Trump to obstruct Mueller's probe, but did not say whether Trump had committed a crime. Justice Department spokeswoman Kerri Kupec called Ms Pelosi's allegation "reckless, irresponsible and false".

Cruise ship quarantined in St. Lucia over confirmed measles case
The ship is normally docked in the Dutch Caribbean island of Curacao and serves as a religious retreat, the church's website says. Today, the ship's doctor requested 100 doses of the measles vaccine and this is now being provided from our supplies, at no cost.

Ambulance spotted near Harry and Meghan's Windsor home
Their Royal Highnesses have taken a personal decision to keep the plans around the arrival of their baby private. Chris Evans has dropped an enormous clue that Meghan Markle has already given birth to the royal baby.

AG Barr Is ‘Reviewing’ Whether Steele Dossier Was Russian Disinformation
The standoff with the Justice Department is one of several fights House Democrats are waging with the Trump administration. Posturing Democrats on the judicial committee gave long soliloquies on Barr's treacherous behavior.

Virgil Van Dijk chosen as PFA Players’ Player of the Year
That Liverpool are competing in the latter stages of the Champions League once again comes as little surprise to Virgil van Dijk. Houghton was also named in in the PFA's Women's Super League Team of the Year alongside City team-mates Parris and Demi Stokes.

China urges United Kingdom not to penalise Huawei 5G
Huawei denies being controlled by the Chinese government and says its equipment can't be used for espionage purposes. The cybersecurity official said the USA does not see any distinction between core and non-core parts of 5G networks.

Sri Lankan president to ISIS: 'Leave my country alone'
United States ambassador to Sri Lanka Alaina Teplitz on Tuesday said they believe active planning is under way for more attacks . ISIS has claimed responsibility for the attacks, but investigators are looking for evidence to prove the claim.

Google parent company Alphabet misses 1st-quarter revenue estimates
Digital advertising through the Google search engine, Youtube video-sharing network and other platforms drive its profits. Alphabet said that profit in the first-quarter fell 29% to $6.7 billion on revenue that climbed 17% to $36.3 billion.

Shots reported at University of North Carolina in Charlotte
One suspect is in custody, and it is unclear if there are any additional suspects. "Follow officer commands", the school said . The campus was reportedly about to host a concert at the school's football stadium at the time of the shooting.

Realme flagship smartphone with model number RMX1901 visits TENAA
In fact, the internet has been awash with praises on Xiaomi on how tough, reliable, and magical the Redmi Note 7 body build is. Xiaomi's sub-brand Redmi has now confirmed that a flagship smartphone with an elevating selfie camera is in the pipeline.

Oil falls after Trump presses OPEC to offset Iran sanctions
Two of the world's largest oil buyers are teaming up and looking to leverage their power by jointly sourcing crude at a better price.