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"One of the guys in the office who manages the money … bought an Amazon so that it appears in the 13F."
Amazon stock a first for Warren Buffet
Warren Buffett is wrong about Bitcoin – just as he was wrong about Amazon. | Source: Shutterstock
The participation in Amazon is a first for the multinational investment conglomerate. Even though Warren Buffett has praised Jeff Bezos and his company's activities, the Oracle of Omaha has mysteriously refused to take a stake in the e-commerce giant since its IPO in November. 1997. Buffet jokingly assured that his personality did not change:
"I was a fan and I was stupid not to buy. But I want you to know that there is no personality change.
The face of talk about Amazon is not completely crazy. When asked in 2017, in CNBC's Squawk Box, why he had not yet invested in Amazon shares, Buffett responded in one word: "Stupidity." Last year, in an interview with CNBC, Warren Buffett said:
"The truth is that I've been looking at Amazon since the beginning and I think what Jeff Bezos did is almost a miracle, and the problem is that if I think something is going to become a miracle, I have tendency not to bet on it. "
Warren Buffett "exploded" by not investing in Amazon
Warren Buffett told CNBC that he "had done everything" by not investing in Amazon earlier. | Source: Shutterstock
Then, after Becky Quick of CNBC asked Buffett he would finally jump into Amazon's stock, as he had done with Apple 36 years after the IPO of the company's computers and smartphones, Buffett revealed that he had been held back by the regret that he had not had. bet big on Amazon at the first opportunity. He says that he "ruined everything."
"It will probably be difficult. I probably have so many psychological problems not to do that it's very difficult. "
Warren Buffett's slow and steady approach to investing has certainly earned him the run for investment financing. When he finally gave in 2016, after years of waiting to invest in Apple, Berkshire Hathaway launched a surprise blitz of 9.8 million Apple shares of a billion dollars at the same time. 39, a decline in sales and the price of Apple shares.
Buffet could he change his mind on Bitcoin?
In the past, Warren Buffett called Bitcoin "rat poison", but he seems very willing recently to reassess his investment positions. | Source: Shutterstock
This could certainly make you wonder how "some Amazon" means when Warren Buffett says it. Although Buffett has dispelled any hypothesis that he would change his personality, if he finally opens to Apple and Amazon in the space of three years, the Oracle may change his mind on Bitcoin. Yes, despite the labeling of the crypto-currency "rat pawn" a year ago.
After all, Bitcoin has seen massive growth in its annual floor price, and a thriving, mature, multibillion-dollar industry, increasingly adopted by the market, has developed around Bitcoin. At this point, the original cryptocurrency looks more and more like the kind of healthy and conservative investments for the long-term growth that Buffet likes.
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