From Nasdaq: 2024-07-10 10:03:40

Warren Buffett’s warning about internet start-ups in 1999 resonated with Jeff Bezos, prompting Amazon’s successful evolution. Buffett, once anti-tech stocks, is now invested in Amazon through Berkshire Hathaway. Berkshire’s stake in Amazon has grown to 10 million shares worth $1.8 billion since 2019, with significant share price appreciation.

Berkshire Hathaway owns around 40 stock holdings, with Amazon as the 17th largest. Buffett acknowledges missing out on the initial investment, initiated by a lieutenant, that has since doubled in value. Despite selling some shares last summer, Berkshire’s stake remains substantial at 0.1% of Amazon’s total share count with ongoing investment opportunities.

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Former Whole Foods CEO John Mackey, on The Motley Fool’s board, has no position in Amazon or Berkshire Hathaway. The Motley Fool holds positions in and recommends both companies. The author’s views may not align with Nasdaq, Inc. disclosures. Consult Stock Advisor for top stock picks and potential investment opportunities in thriving companies like Amazon.



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