BUFFETT'S BERKSHIRE HATHAWAY BOUGHT 537,300
SHARES, NOW WORTH $947 MILLION!
Amazon’s share is over 450% higher than it was five years ago, more than six times the S&P 500 index's 67% return.
Amazon stock price could reach $10,720 by mid-November 2024.
Just the last decade alone, Amazon’s share price soared a staggering 2,220%.5
The difference between talking and doing, in this case, praising Amazon and, in particular, admiring Jeff Bezos’ leadership and visionary skills, has been the plague of Buffett’s mind for a long time.
He’s admitted that only recently he moved from the spectator to the investor stance. You don’t need to be a investing guru to see that "Berkshire is buying Amazon shares" is the kind of news that will send the market into a frenzy.
"Yeah, I’ve been a fan, and I’ve been an idiot for not buying" [Amazon shares], he said. "But I want you to know it’s no personality changes taking place." He added "It’s far surpassed anything I would have dreamt could have been done. Because if I really felt it could have been done, I should have bought it." Even more, "I had no idea that it had the potential. I blew it."
Buffet admits he’s been blinded by the light for not identifying Amazon’s huge growth potential. He even went so far as saying that "stupidity" has been his main reason for not investing earlier.
"I was impressed by Jeff Bezos early, I never thought he’d pull off what he did, on the scale of what’s happened. It’s changed your behavior, everybody’s behaviors. The remarkable thing is he’s done it in two industries at same time that really don’t have that much connection." Cloud business (with Amazon Web Services) and E-commerce (with amazon.com) are the two chains he’s referring to.
LEARN MORE ABOUT AMAZON
WHERE IS AMAZON LISTED?
WITH THE TICKER "AMZN", THEY’VE BEEN AN INTEGRAL PART OF NASDAQ GLOBAL SELECT MARKET IN NEW YORK STARTING 1997. EVER SINCE THE BEGINNING THEY STRIVED TO BECOME "EARTH’S MOST CUSTOMER-CENTRIC COMPANY". WE CAN SAY THEY GOT THERE AND EVEN FURTHER!
WHEN WAS IT FOUNDED AND WHAT IS ITS STRUCTURE?
1995 WILL BE REMEMBERED AS THE YEAR THE ONLINE COMMERCE HAS TRULY BEEN BORN, AS AMAZON TRANSFORMED THE WAY WE SHOP, THE WAY WE THINK ABOUT COMMERCE, THE WAY WE ACT. WITH JEFF BEZOS IN THE CENTER, THE HIERARCHY OF AMAZON IS SIMPLE AND EFFICIENT: A HANDFUL OF SENIOR LEADERS MANAGING ALL AREAS OF THE EMPIRE.
WHAT IS AMAZON’S REVENUE MODEL?
MORE THAN HALF OF ITS REVENUE AND PROFIT COME FROM ONLINE STORES. ON TOP OF THAT, ADD A DASH OF PHYSICAL STORES, A PINCH OF ADVERTISING SERVICES, A HANDFUL OF AMAZON WEB SERVICES AND A SHAKE OF SUBSCRIPTION SERVICES AND YOU START GETTING AN IDEA OF HOW DIVERSE, ALL-ENCOMPASSING AND DOMINANT AMAZON TRULY IS.
HOW CAN I INVEST IN AMAZON SHARES?
LIKE ALL GOOD THINGS IN LIFE, INVESTING IS BETTER WHEN KEPT SIMPLE. AND IT COULDN’T BE ANY SIMPLER THAN FOLLOWING THESE 3 EASY STEPS: CHOOSE A FULLY LICENSED AND REGULATED BROKER THAT WILL KEEP YOUR FUNDS SAFE AND SECURE AND OFFER YOU EDUCATION AND QUALITY SUPPORT, OPEN UP AN ACCOUNT, AND START PUTTING THE NEWS AND INFO TO WORK!