One of the fellows in the office that manage money bought some Amazon, so it will show up in the 13F later this month.
Billionaire investor Warren Buffett has said that he underestimated Amazon.com Inc chief executive officer Jeff Bezos, and now one of his deputies is willing to put money behind the technology giant.
The implication here is that either Todd Combs or Ted Weschler made the decision to acquire Amazon shares. Oracle (ORCL) closed with a gain despite Berkshire Hathaway exiting the stock within a quarter of buying it.
Buffett's admission also may signify something about Berkshire's future - namely, the conglomerate's future when Buffett, 88, and longtime partner Charlie Munger, 95, are no longer a part of its present.
The Amazon stake further cements the relationship between Berkshire Hathaway and Amazon. The firms are setting up an independent company to offer healthcare services to their U.S. employees more transparently and at a lower cost. 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".
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But it said in a statement that Kilauea "ranks among the world's most active volcanoes and may even top the list". According to the Hawaii Tribune-Herald, a less fortunate person died in this volcano in October 29, 2017.
Buffett's assistants did not immediately respond to a message seeking comment.
Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company's annual meeting in Omaha, Nebraska, U.S., May 5, 2018.
Warren Buffett's Apple fandom is even more significant since he historically steered clear of technology stocks. After taking losses, Buffett had sold almost all the IBM stock by past year.
Buffett bought Apple and Amazon when they were not at their cheapest.
Combs, who was CEO of a hedge fund before he joined Berkshire in 2010, "is going to be more comfortable in that world", said Meyer, noting that Berkshire has been investing more in the tech sector as the younger men take on more responsibility. On February 14, the entire FAANG (Facebook, Amazon, Apple, Google, and Netflix) pack closed with losses despite the NASDAQ Composite (QQQ) closing in the green.