Like I have said before the old man isn’t in charge anymore. Buffett is the Uncle Fester front man (take over men pulling the strings while Becky Quick froths at the mouth). Warren strayed from his value roots long ago. We’ll see if this is a good buy and hold.
“Berkshire Hathaway has been buying shares of Amazon. But Warren Buffett isn’t the one behind the purchases.”
“One of the fellows in the office that manage money ... bought some Amazon so it will show up in the 13F” later this month, Buffett told CNBC Thursday, on the eve of the kick off of Berkshire’s annual shareholders meeting in Omaha. Buffett was referring to either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.”