by 11%, the Omaha, Nebraska-based holding company revealed in a government filing Wednesday. Buffett first announced an investment in the e-commerce giant at its annual shareholder meeting in May, but said he was not the one behind the share purchases.
"One of the fellows in the office that manage money" bought some Amazon, Buffett told CNBC's Becky Quick in May, on the eve of of Berkshire's annual shareholders meeting in Omaha. Buffett also slightly increased his bet on bank shares, which have been hit this month on concerns about an inverted yield curve hurting profit for the group. Berkshire's Bank of America stake was raised by 3.5% last quarter, according to the filing. It also raised its holding of USBancorp by 2.4%. Other big bank holdings including Wells Fargo and J.P. Morgan Chase remained the same.
Berkshire Hathaway is evolving.
Smart
Damn... Single man impacts the world's biggest company!
Im happy
And the banks hapyyy
Just before a recession? Isn’t that the wrong time?
$BRK.A and $AMZN will fall the hardest, excluding $BYND and the other unicorns, of course. Fair value of $AMZN should be around $550
Good luck
Oh the follow on droolers
Buying bezos’ shares as he sells. Which genius manager is buying this for Berkshire?
LiveSquawk Double Downing.
Well will see how he's doing on this amazon bet. The retail industry is counting pennies to survive.
This man just bought the dip
Halo Papa Ukulele...How are you?!wkwkwk!Right!. (ssst Papa biar Netizen/PenguasaElit Indonesia pada tahu Gue!Aku tuh sok akrab orangnya YA!)
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