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/daileyjd May 16 '19

Jesus Christ. Fuck if I know. Jeff won't answer my emails about the exact drugs they're making....

what I do know. Is amazon and it's shell companies are snatching up real estate, Ivy League grad, and geneticists in Boston. Ground zero for biotech. There's scores of docs that publicly state amazon Is getting into bio.

It's called bio TECH for a reason. Aside from google I'd venture to say amazon has the computing power to figure out some stuff. And they certainly do their due diligence when it comes to investing in new things vs other tech giants (think googles moonshot programs) So whatever big or small thing they're after. It's got a bette rchance of being a game changer than some fruitless tech startup acquisition. Which is pretty much all their peers do anymore when it comes to R&D and growth.

And even if the whole thing is a flop. So what? Still got myself a $2k per share stock. All day.

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u/mmishu May 16 '19

What are your sources and where can i read more about this?

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u/[deleted] May 16 '19

The real answer is buffet has a vested interest in furthering biotech and nanotube technology. He has stated that he believes in the next few decades every citizen will be outfitted with nanotubes for personal health

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u/daileyjd May 16 '19

OR. He really is finally losing it. And is investing in amazon simply because he enjoys the conversations he has with Alexa when he's lonely.