Buffett's Berkshire Hathaway is lagging the market this year. That's largely because of the huge drop in the stock price of Kraft Heinz , one of Berkshire's biggest holdings. Other top Berkshire investments, including Wells Fargo and Coca-Cola , have underperformed the market.
Buffett says Bezos has created a 'miracle' with Amazon 01:25Buffett's idea of a good buy-and-hold value stock has evolved, in part because of investments made by widely regarded Berkshire executives Ted Weschler and Todd Combs.The top stock in Berkshire's portfolio is Apple , rather than a stodgy food company, railroad or financial services company. Buffett also revealed last week that Berkshire bought shares of Amazon for the first time.
Now that they have a stake in Amazon — 22 years after the company first went public — it may not be a huge shock if Berkshire eventually buys a stake in Alphabet, too.If so, that would give Berkshire exposure to three of the five FAANG stocks. Buffett and Munger didn't talk about Facebook or Netflix at this year's event.Don't rule out the possibility of Berkshire buying more dynamic companies like Apple and Amazon in the future to give the portfolio a kick.
Guess thats why he still uses a flip phone?
Beg to differ, Mr. Buffet! Apple is a blood sucking, avaracious, no ethics company. Overpriced, not able to outdo Chinese firms in tech.
Methinks I'm getting the hang of this shit.... LOL..
Was the person holding the camera having a seizure?
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »