Buffett bigger mistakes than Amazon is missing



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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Famous investor Warren Buffett, CEO of Berkshire Hathaway, says who made bigger mistakes than losing money by investing in Amazon (AMZN). "Famous Investor Warren Buffett, the CEO of Berkshire Hathaway, says he made more mistakes than losing investments at Amazon (AMZN).

"I've always admired Jeff [Bezos]. I've known him for 20 years or more. And I thought it was something special, but I did not know you could go from books to what happened there, "Buffett told Yahoo Finance chief editor Andy Serwer in a comprehensive interview. He had a vision and performed in an incredible way. "

Buffett added that there are "many games" that he "missed".

"I do not worry about the things I miss, which are outside of my assessment competence circle," Buffett said. I lost things [which] are within my circle, and this is a terrible mistake. These are my biggest mistakes. You have not seen them.

Buffett, 88, historically avoided investing in technology stocks because he was outside his circle of competence.

2019 Annual Meeting of Berkshire Hathaway Shareholders

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In recent years, however, he has changed to a technical name with Apple (AAPL) being now the largest shareholding of Berkshire Hathaway. However, Buffett & nbsp;has suggested& nbsp; that his young investment mates – Ted Weschler and Todd Combs – were responsible for Apple's purchase. In recent years, however, he has moved to a notable technical name with Apple (AAPL) being the largest shareholder of Berkshire Hathaway, however, Buffett has suggested that his new investment representatives – Ted Weschler and Todd Combs – would be responsible for Apple's purchase.

In its annual meeting in 2017, Berkshire Hathaway (aka Berkshire Hathaway), the company's chief executive,BRK-A& nbsp;BRK-BBuffett's vice president and right-hand man, Charlie Munger, explained that they had shunned technology stocks in the past because they felt they "had no advantage where other people did." Date-reagent At the 2017 annual meeting, Berkshire Hathaway's vice president (BRK-A, BRK-B) and Buffett's right-hand man, Charlie Munger, explained that they had avoided technology stocks in the past because they felt they "had no advantage where other people did."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "" I think it's a good idea not to play where the others people are better, "Munger said. He added that he thought they were "probably smart enough" to discover Google (GOOG& nbsp;GOOGL"I think it's a good idea not to play where other people are better," Mr. Munger said, adding that he thought they were "probably smart enough" to figure out Google. (GOOG, GOOGL), however.

"I'd say we failed you there," Munger said at the time. "We were smart enough to do that."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In the same meeting, Munger said that the pair also & nbsp ;Spoiled at Walmart& nbsp; for not investing sooner. "In the same meeting, Munger said the pair also blew it up at Walmart, not investing earlier.

"It was an easy thing. We were smart enough to understand that.

"Berkshire did not invest in Walmart ("), but it was not the case that Berkshire did not invest in Walmart (WMT) through the second quarter of 2005. They have totally gone out of position in recent years. "Berkshire has not invested in Walmart (WMT) until the second quarter of 2005. They have stepped down completely in recent years.

"More recently, Buffett told Serwer in 2018 that he & # 8217; s & quot; nbsp;made a mistake"& nbsp; not investing in JPMorgan Chase (JPM). Longtime fan of JPMorgan CEO Jamie Dimon, Buffett's Berkshire corrected this & nbsp;investing in bank stocks during the third quarter& nbsp; JPMorgan is now the 8th largest player in the portfolio. More recently, Buffett told Serwer in 2018 that he made a "mistake" by not investing in JPMorgan Chase (JPM). A longtime fan of JPMorgan CEO Jamie Dimon, Berkshire of Buffett corrected this "mistake" by investing in the bank's shares during the third quarter of 2018. JPMorgan is now the 8th largest player in the portfolio.

<p class = "canvas-atom screen text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Julia La Roche is Yahoo Finance's finance reporter. Follow her on Twitter."data-reactid =" 42 ">Julia La Roche is Yahoo Finance's finance reporter. Follow her on Twitter.

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