Warren Buffett's Berkshire Hathaway Buys Amazon

Warren Buffett revealed in an interview with CNBC that one of his portfolio managers has bought a stake in Amazon for Berkshire Hathaway

David Brenchley 3 May, 2019 | 3:00PM

Warren Buffett, Berkshire Hathaway, Amazon Prime, Technology stocks, stock market, Amazon share price, Scottish Mortgage, investment trusts

Warren Buffett’s Berkshire Hathaway (BRK.B) has started buying shares in e-commerce behemoth Amazon (AMZN), the famed investor told CNBC on Thursday, ahead of Berkshire’s annual shareholder meeting this weekend.

Buffett’s value-biased investment approach has seen him previously shun large parts of the technology sector, an industry he’s claimed not to understand. But in recent years he has started to dip his toes in the water – and has previously admitted not getting in earlier has been a mistake.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Amazon.com Inc3,168.04 USD-0.85
Apple Inc119.05 USD2.11
Bank of America Corp28.16 USD-2.86
Berkshire Hathaway Inc Class A343,688.00 USD-1.07
Berkshire Hathaway Inc Class B228.91 USD-1.14
International Business Machines Corp123.52 USD-0.67
JPMorgan Chase & Co117.88 USD-2.76

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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