Buffett finally embraces Amazon as Berkshire acquires a stake


  • Business
  • Saturday, 04 May 2019

"There's been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities," Buffett said.

New York: Warren Buffett has said that he underestimated Amazon.com Inc’s Jeff Bezos. Now one of Buffett’s deputies is willing to put money behind the tech giant.

Berkshire Hathaway Inc has been buying Amazon shares and the purchases will show up in a regulatory filing later this month, Buffett told CNBC in an interview Thursday.

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