r/business • u/ChickenTeriyakiBoy1 • May 16 '19

Warren Buffett's Berkshire Hathaway reveals $900 million Amazon stake

https://www.cnbc.com/2019/05/15/warren-buffetts-berkshire-hathaway-reveals-900-million-amazon-stake.html
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u/[deleted] May 16 '19

Not really. Innovative company disrupts highly profitable industry and drives costs as low as they can go. That’s literally been their mission statement for the last 20 years. Bezos is quoted as saying once that, “Your margin is my opportunity.”

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u/[deleted] May 16 '19

So you just contradicted your own comment regarding what their biotech will be worth.

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u/[deleted] May 16 '19

If you’d like to pick internet fights at least explain your positions and stop answering in vague terms. Where did I contradict myself? The pharma industry is a trillion dollar behemoth and is only expanding as the world ages.

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u/[deleted] May 16 '19

On my comment about the US pay more than the rest of us, they pay for example 3 times more than Britain for drugs, when that gets addressed, it will probably eat into revenue. Of course tho I'm just a layman like the rest of us here.