Warren Buffett on why he didn't buy Amazon initially and why it wasn't a mistake

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Berkshire Hathaway CEO Warren Buffett discusses why didn't buy Amazon initially and why he invests within his circle of competence.

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In short: It would have been a gambling trade, because he didn't know how the company would evolve.

egor.okhterov
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No one could've foretold Bezos's ridiculous success. It's frankly absurd and amazing.

spikeman
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I like his eyeglasses. Fits his persona.

chessdad
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INvest in what you know.. this is something I had to learn. Fortunately, I am studying an MSc in AI, and doing a ot of research and work on how AI works. I know it, I get it, so invest in it, and so far in last 12 months I am up maybe 5-6x

mdaniels
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Imagine if he did invest in FAANG stocks, he would have been the first known trillionaire.

lotto