Warren Buffetts Berkshire Hathaway is Buying Shares of This Tech Giant Now


 
 
02:25 05/04/2019











An interview with Warren Buffett tis week has revealed that his Berkshire Hathaway firm has been purchasing shares of tech giant Amazon AMZN .



Buffet told CNBC on Thursday that, 'one of the fellows in the office that manage money ... bought some Amazon so it will show up in the 13F.'
Buffet revealed the news on the eve of Berkshire’s annual shareholders meeting in Omaha.



According to the statement by Buffett, it was either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire Hathaway.



“Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”



The exact amount will be disclosed in Berkshire's quarterly report to the United States Securities and Exchange Commission later in the month.
Berkshire Hathaway also owns about 250 million shares of Apple and is



Apple's second-largest investor.



Alexander Osterwalder, a Swiss business theorist, author, speaker, consultant, and entrepreneur, tweeted, 'Why did Warren Buffet invest $26B in @amazon? Because he gets that @JeffBezos is one of the few leaders who built a systematic innovation culture that can continue to produce growth despite the size of the company!'



It was in 2017 that Buffett told CNBC that “stupidity” was to blame for his not seeing Amazon’s potential.



Shares of Amazon were up 3% on Friday after Wall Street digested the news.





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