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Warren Buffett dumps $1.7B of Amazon stock
- xvxvx 8mo agoMaybe the novelty of Amazon has worn off. I occasionally purchase from their UK site, and it’s filled with tricks to get me to sign up for Prime upon checkout. Really horrible workflow and design decisions, cheapening the experience. I now see similar changes to the US version: ‘you saved $15 in shipping by being a Prime member with this purchase’ and ‘last year you made 211 sustainable product purchases’. Guys, quit being so desperate. Concentrate on quality items at competitive pricing and fast delivery. Don’t turn into TJ Maxx. My Echo, that I use solely to voice activating lights and switches, is now an ad machine and one bad day away from going in the trash. Next time you do a wave of layoffs, please include everyone involved in these horrible decisions.
- evmaki 8mo ago> My Echo, that I use solely to voice activating lights and switches, is now an ad machine I've been wondering if it is even possible for a publicly-traded company to deliver a voice assistant product without these incentives involved. I have to imagine the UX of these devices would be much different if they were built by a private company without the same market pressures. It would need to be self-contained and local, so that the infrastructure burden (e.g., data and AI in the cloud) wouldn't create a need for subscription service or data collection revenue to cover the cost.
- vablings 8mo agoThis is why devices that are basically loss leaders should always be illegal. The end value product is an update that will come later down the line that screws everything up. For those considering smart home devices, please just buy a home assistant device. It is easy for the non-technical and also not that much more expensive
- init2null 8mo agoMatter/Thread is reasonably good with Apple Home. The more adventurous can also dual-join it to Home Assistant running on the same Thread network. It surprisingly just works, though the dual-controller setup still involves a little initial suffering.
- vablings 8mo agoI am using Matter/Thread with Home Assistant and the new ZBT-2. No Apple Home integration! Although I will say that homekit with the Home Assistant bridge is very good! Kudos to Apple
- nozzlegear 8mo ago> I've been wondering if it is even possible for a publicly-traded company to deliver a voice assistant product without these incentives involved. I have to imagine the UX of these devices would be much different if they were built by a private company without the same market pressures. Apple's HomePods have never had ads and don't require a subscription/data collection to control home devices.
- utdoctor 8mo agoBut you have to interface with the software delight known as Siri
- nozzlegear 8mo agoTrue! I'm one of the lucky ones that Siri just understands every time, so I have no complaints. My wife's Siri usage is hit or miss though.
- drstewart 8mo agoAmazon has become AliExpress at this point, so I just skip the middleman half the time
- vablings 8mo agoIt's a shame that all these stores have such a terrible UI/UX. Amazon is pretty good at optimizing buying things but outside of that everything else sucks really bad especially on mobile
- amatecha 8mo agoThat's what I call it, "American AliExpress" lol
- bsder 8mo agoAmazon had better return policies. I suspect that is gone. I'll probably buy even less from Amazon, anymore. I've gotten 2 different "You didn't return the right item" because I presume some underpaid, overworked contractor at the Amazon return site lost it or stole it. Fortunately, the second one is very well documented, so Amazon is going to lose badly if they don't figure out what is going on.
- password54321 8mo agoAmazon has become a marketplace for cheap sometimes harmful chinese knockoffs. Amazon doesn't even check what is being sold. I only order directly from places I trust. http://nbcnews.com/business/recall/cheap-chinese-faucets-dangerous-chemicals-rcna207062 http://nbcnews.com/business/recall/cheap-chinese-faucets-dan...
- dd8601fn 8mo agoI want to know how you can be a trillion dollar tech company with unlimited access to all the best minds and AI tools and whatever… and still have a busted-ass mobile app fronting their store. For YEARS.
- HanClinto 8mo agoHome Assistant and other open-source projects seem like they may be the only way that we get consumer-friendly devices. https://github.blog/open-source/maintainers/the-local-first-rebellion-how-home-assistant-became-the-most-important-project-in-your-house/ https://github.blog/open-source/maintainers/the-local-first-...
- lysace 8mo agoI still like to buy my cheap and esoteric Chinese stuff from Amazon. It's a good balance of not-too-slow-delivery and not-too-expensive for very specific stuff. And it's easy to return if it doesn't work. Example last purchase: An optical SPDIF/TOSLINK to 3.5 mm DAC box (5V/USB-powered) to put behind the TV with a broken/very low quality audio output. It was about $15 including 25% VAT. Probably like $5 on Aliexpress, but I didn't want to wait 6-8 weeks. Never really buy anything for more than $50 from them though. And never anything containing Li-Ion batteries.
- homarp 8mo agoIn Europe, most of Aliexpress delivery is 10 days (except during Chinese New Year).
- lysace 8mo agoI think that varies a lot by country/national post service?
- brunoarueira 8mo agoI guess so, in Brazil some deliveries arrives after 15 days, but it's that after the government increased taxes on products wanting any company which delivers to be legal compliant.
- pyreko 8mo agoIt's a bit longer in Canada (probably 3-4 weeks is what I usually see), but interestingly sometimes they're faster than Amazon-shipped stuff despite the former shipping from China.
- aetherson 8mo agoThese just aren't the relevant concerns behind Amazon's stock performance in the last month. It's the capex.
- jacobjjacob 8mo agoMarkets can’t see the product quality of a monopoly. It won’t be reflected in the metrics because there’s no competition to anchor the earnings to the real consumer value. But that doesn’t mean quality isn’t a factor- it makes them vulnerable to disruption. Warren Buffett is known to trade on product quality (he buys what he uses). So his sale could be based on that.
- aetherson 8mo agoAmazon isn't a monopoly, it has 8% of retail in the US. There's no real evidence that this trade was made by Buffet himself, and it's part of a general major sell-off of Amazon that transparently did not temporally align with the idea that Amazon's retail business has suffered a decline in quality. This is the market making a (reasonable!) judgment that it lacks confidence that Amazon's capital expenditures will pay off.
- never_inline 8mo agoAmazon has been quite useful for me as a single bachelor living in an Indian metropolitan city. 1. I get very useful items at very good prices, many of which I would have to wander the city for hours to find, or couldnt find at all: - Eg: I got a pair of adjustable dumbbells at <2K INR. Some of you would call it a cheap knock. But it has been super useful and I would have not bought it if it cost 8k INR. I brought a whole bosch repair toolkit at good price and it has been invaluable for fixing electric/plumbing etc.. issues. I got a high volume travel bag - I didn't even know 40L travel bags existed and wouldnt have brought one if not for amazon. I could go on. 2. Amazon Fresh is usually cheaper for groceries and maintain consistent quality compared to local supermarkets. I will also avoid the need to walk long with the grocery bag. 3. Electronics are significantly cheaper on amazon and again the need to search. Maybe all of this can be even better as you said. But bottom line is that their operations look pretty efficient to me. Their catalogue is pretty much unmatched. (They may be losing money on retail business - but that's not my position to care as a customer. As other commenter pointed out, it may not even matter much for stock price.)
- iririririr 8mo agoamz is beholden to cheap products and labor. you have both in india. elsewhere it's awful, for the exact same features you describe. they even bought a premium supermarket chain so their produce stop being returned in the US.
- TitaRusell 8mo agoYeah this is something really beautiful about India: life is cheap and there are tons of desperate people who will kill themselves for you. In the Netherlands you'll be waiting an hour for your meal to be delivered by a bored teenager on an ebike. And you're going to be grateful.
- kombine 8mo ago> In the Netherlands you'll be waiting an hour for your meal to be delivered by a bored teenager on an ebike It takes less than an hour to make a dinner oneself
- wenc 8mo agoI have two Alexas but never get ads. How is it that you’re getting ads?
- genghisjahn 8mo agoThe Alexa's with video screen will start to show ads no matter now many times you set it to no ads. There are settings for No Ads, and after a few days, that setting is reset to allow ads. I had one so I could quickly see my Blink camera, but I threw it away because it kept showing ads.
- fshr 8mo agoDid you actually throw it away or returned it?
- genghisjahn 8mo agoIn the trash.
- projektfu 8mo agoAre they the echo show? I don't get ads on my dots but the show shows ads most of the time, when I really want it to show the clock face instead. Region might matter. I set it to Australia/New Zealand region and for about a year it didn't show ads. But it does, now, even though it talks with an Australian accent.
- GorbachevyChase 8mo agoAmazon is Walmart for progressives.
- projektfu 8mo agoEveryone raced to the bottom so now Walmart almost feels better than the rest. I have somewhat more confidence in products I search there, or at least I can tell when the seller may be shady.
- nozzlegear 8mo agoBizarre comparison
- zerotolerance 8mo agoThey're an ads company now. Not a store. Not a device vendor.
- guywithahat 8mo agoI mean if I want two day/fast shipping, it's still the only place that can do it without costing me $45, and even then a lot of places won't get it in the mail that fast. They also have a much more reliable and robust return policy, which is a headache for other sites. While I agree the experience has worsened it's still the best online store as far as I'm aware
- bespokedevelopr 8mo ago> Don’t turn into TJ Maxx. They are the TJ Maxx of software development. I personally haven’t expected anything more of them for years. Once you’ve seen how the sausage is made and all that.
- nikcub 8mo agoMy peak number of orders p.a was in 2023: 215 orders In 2025 it was 27 orders I expect it to be even lower this year. I didn't even buy my eero router upgrade from Amazon. I largely attribute this to poor quality products, horrible search interface, trying to sort through the dropship spam, and prices no longer being as competitive. Amazon used to have decent-quality "amazon native" brands like Anker, Eufy, Eero etc. but there are better alternatives to buying all of these products now
- dd8601fn 8mo agoI never thought I would say this, but Walmart is worlds better than Amazon for buying regular stuff. Their logistics are better, you have to wade through a lot less no-name trash to find the thing you wanted, and their Prime-like membership works across shopping and grocery. Also, it’s cheaper.
- arisAlexis 8mo agoAmazon went all in robotics they have their ai training chips, they build their own satellite starlinks and run the one if the 3 clouds.
- Maro 8mo agoI'm a big fan of Amazon (UAE), in the sense that I buy stuff from Amazon almost every week. Having said that, in the last year or so, I found myself returning items more and more often. I get books damaged in shipping, wrong color items, wrong size shoes, empty boxes without the actual item, all sorts of weird failure modes. Marketplace sellers are definitely a big factor. As a response, lately I find myself thinking defensively when ordering from Amazon, like "what can go wrong", and pondering whether I should go out and find this in a store, buy from the brand's online store, get it off Ebay, etc.
- mamma_mia 8mo agomamma mia! didn't he step down? very cool that he's back in the game
- Supermancho 8mo agoWarren Buffet stepped down as CEO from Berkshire Hathaway. He's still involved as Chairman with under 50% stake, afaik. This was Berkshire Hathaway, not Warren Buffet, despite the misleading title.
- giancarlostoro 8mo agoNext time Amazon goes low I'm sure he'll buy it all back at a discount. With all his wealth he can get away with slow patient investing with swathes of cash.
- malfist 8mo agoAmazon just shed $450 billion in value. It's low right now.
- giancarlostoro 8mo agoNot sure if they can all of a sudden buy it right now, at some point that starts looking like market manipulation. Wait a few years or months, see a ton of companies tank, buy at a discount. We've seen them do this several times.
- baggachipz 8mo agoAnother Prime membership fee increase, incoming!
- epolanski 8mo agoWho cares? This isn't wallstreetbsts.
- SilverElfin 8mo agoAfter Amazon has been a great friend to the Trump administration, by partnering with Flock, by funding the Melania documentary to basically bribe Trump, etc - why should Americans or others trust them or give them business? Amazon isn’t that interesting anymore. You can buy most things directly from a trusted manufacturer or other websites. I don’t see them doing anything innovative at all. What’s the last useful thing they did - AWS? And that stopped being novel more than 10 years ago. The problem is, megacorp with infinite capital get to make these massive mistakes and stumble through failure after failure, when everyday entrepreneurs get crushed for the tiniest problem.
- malfist 8mo agoYou can count the number of times Jassy has lead amazon to an innovative new product during his tenure as CEO on zero hands.
- PaulDavisThe1st 8mo agoIf you consider Amazon to be a retail company, then the comparison is with other retailers. When was the last time a retailer introduced an innovative new product? That's not what retailers do - they figure out where and how to sell <stuff>, other people make the <stuff> and it gets sold. The innovation happens to the <stuff>, not the retail. Obviously, there are long term trends like the acceptance of credit cards that took place between the late 1970s and late 1980s in the US. But retail isn't exactly known for being a hotbed of innovation. If you are thinking about other aspects of Amazon (obviously, AWS), then ... I can't comment on that.
- PaulDavisThe1st 8mo ago> You can buy most things directly from a trusted manufacturer or other websites. My experience over the last year has been the opposite. More and more of the specialized bits and pieces I need or want are only sold online via Amazon. Extremely depressing.
- phil21 8mo ago
- divbzero 8mo agoAdding the obligatory disclaimer: Berkshire Hathaway selling $1.7B of Amazon stock is likely a decision by Ted Weschler or Todd Combs, still notable but not necessarily Warren Buffett himself.
- Insanity 8mo agoAmazon is pretty volatile stock at the moment, as are most companies that chase the AI bandwagon. I don’t think Amazon is doomed but the companies chasing AI are in for a rough time. Plus continuing waves of layoffs will lead to more frequent and longer AWS outages, and lower quality of retail products will hurt that side of Amazon.
- LPisGood 8mo agoPeople predicted that about Twitter but it didn’t really happen
- mghackerlady 8mo agoThat's because Twitter only really does one thing. Also, despite not having any hard stats twitter has been down an awful lot more these past few years
- paxys 8mo agoBerkshire Hathaway, not Warren Buffett. Large stock sales always make headlines but they don't automatically signal bearishness or really anything else. After all what's the point of investing if you never realize gains?
- drob518 8mo agoYes, but you’d be foolish to realize your gains if you think the stock still has a long way to run. That just triggers taxes and eliminates any further upside. So, we can reasonably conclude that either BH thinks Amazon’s run is nearly exhausted, or it’s one of the stocks with minimal forward prospects in BH’s portfolio and they want to deploy the capital with something that they feel will have a greater return (maybe Amazon still rises, but whatever else they want to invest in they think will rise more/faster).
- koolba 8mo agoKind of both. It’s the last direct decision that he made for Berkshire as the guy in charge.
- epolanski 8mo agoI think in Berkshire case they do, as they are swimming in cash and notoriously don't sell unless their business outlook changes dramatically. In any case, I would not take what Berkshire does with much weight. As Buffett himself said, if you took out their 5/6 best performing investments out of their equation they would be matching the sp500, and if you took out 20, they would be trailing it. They know that their over performance came from a small number of incredibly well performing bets.
- semiquaver 8mo agoBerkshire Hathaway has my favorite website (or, WEB page, as they style it) of any big company: https://www.berkshirehathaway.com/ https://www.berkshirehathaway.com/
- staticshock 8mo agohere's another good one: https://terraformindustries.com/ https://terraformindustries.com/
- buildbot 8mo agoI wonder how much Geico payed for that add placement…
- anana_ 8mo agoThey own GEICO...
- buildbot 8mo agoOh; well that’s embarrassing haha
- conorcleary 8mo agoNah, you can bet there's a tax break in there somewhere
- deleted 8mo ago[deleted]
- ewild 8mo agohe owns geico
- deleted 8mo ago[deleted]
- meindnoch 8mo ago
- philip1209 8mo agoWarren Buffet retired. This is Berkshire Hathaway.
- stackghost 8mo agoMy understanding is that Warren gave up his seat as CEO but is still the chairman, and is still at least peripherally involved in investment decisions at Berkshire
- s-kymon 8mo agoAlso these are year end portfolio changes, so could very well be Warren.
- c22 8mo agoHe's in the office every day. I bet they at least ran this by him.
- legitster 8mo agoAmazon's core business does not make sense. Despite being so massive, their retail operation makes almost no money. There is little market share left for them to win, the best they can do to grow is shave expenses. AWS has been their real money maker, but also the explosion of AI and server farms has worked against them in threes ways: there is much more competition on infrastructure, the costs to run infrastructure keep going up, if you're looking for a growth industry there are other more appealing stocks now to park your capital.
- novia 8mo agothey could improve their product search page so it's actually useful
- wodenokoto 8mo agoThey say one of the reasons supermarkets move isles layout is so people don’t learn to navigate the store and they put milk in the back to make sure people have to walk the isles. The purpose is to get shoppers to look at more stuff and impulse buy. I honestly believe search is bad for the same reason.
- wlesieutre 8mo agoIt's useful for making sellers pay for promoted product positions
- monero-xmr 8mo agoThey could just increase prices. They deliver fast (often same day) and always accept my returns. Add 5% to prices, pure margin.
- autoexec 8mo agoThey already do. About half the time the prices I see on amazon are higher than buying directly from the manufacturer or from another online store. One example I saw recently was this lego set (https://www.amazon.com/LEGO-Penguins-Love-Building-Set/dp/B0GKFZ3D2Y https://www.amazon.com/LEGO-Penguins-Love-Building-Set/dp/B0...) which cost over $50 on amazon, I checked lego.com and it was $15.00! (they included it free with a large purchase too!). It's $20 here (https://bricksandminifigsontario.com/products/40886-penguins-in-love-retired-new-sealed https://bricksandminifigsontario.com/products/40886-penguins...)
- harmmonica 8mo agoIt's right in the post, but just to save folks a click it's a 77% drawdown in the position so it's a substantial move. I see they also trimmed Apple, but, for comparison's sake, looks like that was only a decrease of 4.3% of the position.
- rvz 8mo agoBerkshire, Not Buffet. Also, why would anyone want to work at Amazon at this point? One of the worst companies to join with the worst margins out of the big tech companies. [0] https://news.ycombinator.com/item?id=46809296 https://news.ycombinator.com/item?id=46809296
- bau5 8mo ago[flagged]
- kashunstva 8mo ago> harmful donations… Her philanthropic work and contributions focus on racial and LGBTQ+ equality, HBCUs, affordable housing, etc… Real “harmful” stuff there… /s
- antonchekhov 8mo agoCan you enumerate which parties have been "harmed" by her donations, and the precise nature of the harm(s)?
- KittenInABox 8mo agoI wasn't aware of her political donations. Can you say a little bit more on that?
- ckardat123 8mo agoHere is a Berkshire Hathaway portfolio tracker if anyone is interested: https://www.quiverquant.com/institutions/BERKSHIRE%20HATHAWAY%20INC/ https://www.quiverquant.com/institutions/BERKSHIRE%20HATHAWA... Berkshire also sold around $2.8B of Apple stock, although that was a much smaller move as a percentage of their position.
- francisofascii 8mo agoSo 60% of this portfolio is in just 4 stocks? Apple, American Express, BofA, and Chevron. Didn't expect that.
- bossyTeacher 8mo agoCore America. World banking, world payments, oil/gas and tech. Maybe Apple's one is a bit too ambitious and the oil/gas tech makes sense only for now as there doesn't seem to be anything that reliable in the renewables space in terms of stock.
- whatever1 8mo agoThere is only so much cash a company can burn. Amazon spent last year 100B in Capex. They announced they will spend 200B this year. These numbers are INSANE. Greater than GDPs of entire countries. They literally don't have the cash to do it. Either they need to grow their cash flow significantly, or deplete their cash reserves or take a huge loan (likely a combination of them). Jassy is playing Russian roulette with the company and his career.
- pgwhalen 8mo ago> They literally don’t have the cash to do it. I don’t understand this? Amazon is a profitable company, on the scale of tens of billions of dollars per quarter. They very literally do have the cash. Am I missing some subtlety in their financial reporting?
- MrDarcy 8mo agoThey have 86.8 B cash but are going to spend 200 B this year.
- pgwhalen 8mo agoWhat is that spend compared against though? They already spend hundreds of billions of on various things in a year, but what is the marginal spend? When you present these numbers alongside each other, you imply that they will go from making ~$20b/quarter to losing ~$30b/quarter, which is not plausible to me.
- whatever1 8mo agoYou can have a profitable business but be cash flow negative. Similar to how someone can have assets but have no cash. Yes 100B in capex is unprecedented for Amazon (let alone 200). Last time they peaked Capex was at ~60B in 2021 when they decided to double their supply chain network. So the marginal capex on gpus is likely 70-80% of their total capex
- awesome_dude 8mo ago
- sleepyguy 8mo agoI’ve heard that Amazon’s capital expenditures have exceeded its annual cash flow, leading it to borrow and cut jobs to fund AI investments. Unlike Microsoft and Google, which appear able to fund capex internally, Amazon seems to be in a costly growth race with deeper-pocketed competitors. My view, this could mean continued heavy borrowing and limited to no profitability in the near term.
- ilamont 8mo agoMy view of Amazon's decline comes from being a "partner" in their seller and publisher ecosystems for years. The seller platforms in particular (Brand Registry, Vendor Central, Seller Central, Transparency, etc.) have crippling levels of technical debt. The situation has only gotten worse with Jassy's reckless directive for the entire organization to push into Generative AI (https://www.aboutamazon.com/news/company-news/amazon-ceo-andy-jassy-2024-letter-to-shareholders https://www.aboutamazon.com/news/company-news/amazon-ceo-and...). So much basic stuff is just breaking down, and seller support is overwhelmed or unable to intervene to fix the mess. You can see a small sample here involving problems with product attributes (https://sellercentral.amazon.com/seller-forums/discussions?sortBy=relevance&dateRange=pastYear&replies=repliesAll&searchTerm=attribute&contentType=ALL https://sellercentral.amazon.com/seller-forums/discussions?s...). Google "Amazon AWD delays" or "Amazon CSBA problems" or "Amazon remote fulfillment problems" to see examples of programs that are unable to provide even basic levels of the services promised to sellers. Meanwhile, Amazon has been so greedy with fees since Jassy took over that sellers of all sizes and many small to midsized brands are being squeezed out of existence or driven off Amazon. Its PPC ad platform is completely predatory, loaded with dark patterns and hidden defaults that add billions to top-line revenue while strip-mining the accounts of sellers who often have no choice but to participate in the auctions. It's clear that Amazon is running scared when it comes to dealing with new competition, including the Chinese shopping sites and the looming prospect of agentic AI and other new AI-powered shopping tools eating its lunch. For the first time ever last month, I saw an Amazon search results (via Rufus) that actually directed shoppers to third-party brand sites. This would have been heresy 5 years ago.
- mooreds 8mo ago> Its PPC ad platform is completely predatory, loaded with dark patterns and hidden defaults that add billions to top-line revenue while strip-mining the accounts of sellers who often have no choice but to participate in the auctions. At least they mark ads as 'sponsored', even though it isn't super prominent. I always scroll until I see organic results, myself.
- malfist 8mo ago
- siliconc0w 8mo agoIMO AI is going to make buying things you need for your household without going through the clownshow that is Amazon a lot easier.
- JMKH42 8mo agoThe purchasing experience when you buy direct from companies now is usually much easier than it was years ago. A lot of people instinctively turn to Amazon because its one click and stuff is on its way, but with the new payment integrations even small companies have a pretty close to 1 click experience as well. So when I think of buying something on Amazon I always check the actual brands website first now, because I don't want to support Amazon at all or force sellers to eat the overhead.
- LeoPanthera 8mo agoA surprisingly large percentage of products on Amazon are now companies that sell only a small number of very specific things and have a name like KUFLPOW.
- rdtsc 8mo agoYup, they are called Chinese-all-caps. Or that’s at least how I call them. Get bad reviews? Generate a new CAC name and start over. Rinse and repeat. Same product made by one factory in China sold by 100s of CAC Amazon entities.
- Nicook 8mo agoThe complete failure of the brand initiative cannot be overstated.
- rdtsc 8mo agoYeah, that is baffling to me, the complete not giving a shit attitude. I couldn't do that, I'd start marketing and nurturing my MGKGUPXYZ brand and try to make customers happy. Which is probably why I'd fail in that marketplace right away.
- deleted 8mo ago[deleted]
- alkonaut 8mo agoDid Amazon hit any major setbacks? Like some antitrust issue? There was talk in Europe about how Amazon should be legally responsible for everything sold on the platform in terms of safety, authenticity and so on even if things are sold directly by third parties. Has that actually happened anywhere? It would make sense but it feels like it would be a financial blow to amazon.
- arunc 8mo agoPlease fix the title: Berkshire Hathway dumped it, not Warren Buffet.
- deleted 8mo ago[deleted]
- DANmode 8mo agoThese clowns are trying to charge a family member for an item they received an incorrect item for, and returned. They need competition.
- kristianp 8mo agoLooks like Berkeshire Hathaway is one way to invest in US shares ex-AI. Except for their smallish holding in Google, they now don't own the big AI spenders, whose shares have risen so much in the past year. I guess they don't see value in Amazon shares any more. AI spend will probably hit their aws profits. Note that the listing of shares they own doesn't include the companies that are subsidiaries. Like Geico and other insurance companies, BNSF Railway, Berkshire Hathaway Energy, etc.
- tim333 8mo agoIn the dot com boom and crash Berkshire stock moved opposite to the nasdaq hitting its year low on the same day the nasdaq peaked.
- CoolestBeans 8mo agoJust to clarify because it seems like most of the comments aren't understanding. Berkshire sold the Amazon stock in the fourth quarter of last year meaning it is likely the last large move Warren Buffett is going to make as head of Berkshire as he stepped down on December 31 of 2025. That's why the article is titled that way and partly why its significant. Warren Buffett has traditionally been averse to tech stocks but picked up a slug of Amazon in 2019.
- kjellsbells 8mo agoI have a simple lagging indicator for the US economy, and it's this: when the ads you see focus on price not features, and especially of food, the economy is in a hole and no amount of government sunshine (from either party) persuades me otherwise. In those times, head towards essentials. Food, consumer staples, healthcare. Stay out of tech. We have ads now for discounts at Taco Bell. Not even Pizza Hut. Taco Bell! The US economy for regular people is not good.
- nfRfqX5n 8mo agoInteresting how most people here (a hardcore tech site) are commenting on their experience with Amazon retail
- casey2 8mo agoMakes sense. Amazon is making VERY bad investments just to pump Bezos' personal investments in related industries
- arisAlexis 8mo agoLike he understands tech