Berkshire Hathaway has my favorite website (or, WEB page, as they style it) of any big company: https://www.berkshirehathaway.com/
I wonder how much Geico payed for that add placement…
They own GEICO...
Warren Buffett dumps $1.7B of Amazon stock
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Re: Warren Buffett dumps $1.7B of Amazon stock
#22Re: Warren Buffett dumps $1.7B of Amazon stock
#23Amazon'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.
Re: Warren Buffett dumps $1.7B of Amazon stock
#24Re: Warren Buffett dumps $1.7B of Amazon stock
#25Amazon'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…
they could improve their product search page so it's actually useful
Re: Warren Buffett dumps $1.7B of Amazon stock
#26Re: Warren Buffett dumps $1.7B of Amazon stock
#27After 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 thi…
Personally, I just buy stuff from a store and return it if I don’t like it. I don’t need to trust the store because the US has good enough consumer laws. It’s a store not my wife. I don’t need to have these ethical dilemmas over getting Coke Zero delivered.
Re: Warren Buffett dumps $1.7B of Amazon stock
#28Berkshire 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?
Yes, 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).
Re: Warren Buffett dumps $1.7B of Amazon stock
#29It'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.
Re: Warren Buffett dumps $1.7B of Amazon stock
#30Amazon'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…
They could just increase prices. They deliver fast (often same day) and always accept my returns. Add 5% to prices, pure margin.