Berkshire Hathaway renews building lease in Omaha for 20 years

Jeannie Matthews
May 5, 2019

Amazon's closing price on Thursday, ahead of this disclosure, was $1,900.82, and the shares were up nearly 2% at $1,938 shortly after the opening bell on Friday.

He was speaking ahead of Berkshire's annual shareholders meeting, set for Saturday in Omaha, Nebraska. Still, Berkshire ended 2018 with its Apple investment valued more than the cost of buying the shares.

The stake in Amazon is a first for the investment conglomerate.

"He said Berkshire Hathaway bought Amazon - Warren Buffett didn't buy Amazon", Siefert said.

Warren Buffett, the CEO and chairman of the Berkshire Hathaway, doesn't think the USA political system is shifting toward socialism anytime soon, despite a progressive push from some Democrats.

Buffett is well-known for not being the biggest fan of tech stocks.

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Buffett has mostly avoided technology-related stocks over the years, saying he didn't understand the products and markets well enough.

Buffett and Berkshire Vice Chairman Charlie Munger will share their views on the current development of the company, the stock market, the global economy - among others - during the shareholders' meeting, which investors and non-investors alike are paying close attention to.

The patience afforded to Bezos is starting to pay off. Amazon reported a record US$3.6b profit in the first quarter, although its pace of sales growth had slowed.

It's a question that needs to be answered. Oracle (ORCL) closed with a gain despite Berkshire Hathaway exiting the stock within a quarter of buying it.

The Amazon stake further cements the relationship between Berkshire and Bezos's company.

The company this week signed a deal to pump US$10b into Occidental Petroleum to fund the oil and gas company's US$55b takeover of rival Anadarko. Most investors tend to follow anything and everything that Warren Buffett says. He explains, "Mr. Buffett has commented pretty negatively on the airline space over the years, and actually speaks a lot about his poor experience with his U.S. Airways investment".

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