Warren Buffett considers Himself an ‘idiot’ because He is only now entering Amazon. Berkshire Hathaway, the Warren Buffett investment company, has included internet giant Amazon in its investment portfolio.
He should have done that earlier, he thinks.
Buffett himself is not liable for the decision; he explains in an interview.
“One of the guys at the office who go over the money has bought some Amazon,
so that will promptly show up in the records,” said Buffett.
Buffett states he is a big fan of Amazon and founder Jeff Bezos – the richest man in the world.
“And I’m an idiot that I didn’t buy Amazon stock before.”
At the start of this year, a share of Amazon cost around 1,500 dollars (nearly 1,350 dollars).
An Amazon share is now worth 1,900 dollars. Five years ago, the price was about 320 dollar.