Amazon.com, Inc is one of the largest companies in the world.
It grew from a small online bookstore into a technology powerhouse with revenues coming from streaming, e-commerce, cloud computing, and artificial intelligence (AI).
Warren Buffett invested in Amazon quite late. Berkshire Hathaway bought nearly $1 billion of Amazon shares in 2019.
In a recent interview, Buffett said that the shares were actually purchased by one of Berkshire’s two investment managers, Todd Combs and Ted Weschler.
In this video, the great investor explains why he did not invest in Amazon earlier. Although he bought Amazon quite late, he has said repeatedly that it is a great company and that Jeff Bezos is an extraordinary businessman.
Source: Finance Jane
