Warren Buffett's firm Berkshire Hathaway has begun investing in Amazon for the first time, with Buffett admitting he has "been an idiot for not buying".
In an interview with CNBC, Buffett said an investment manager at Berkshire Hathaway had been buying into Amazon, likely to be one of his deputies, Todd Combs or Ted Weschler, who each manage equity portfolios with more than $13bn in assets under management. Buffett bemoans lack of major acquisition opportunities "One of the fellows in the office that manage money...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes