Warren Buffett Said He 'Blew It' By Not Investing Early In Amazon — But Would It Have Fetched Better Returns Than Apple?

Grand News Network | November 8, 2023

Did you know that in 1994, when Amazon Inc. (NASDAQ:AMZN) was still a fledgling company, Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) CEO Warren Buffett decided not to invest in what he thought was just an online bookstore. 

He disregarded Amazon again a few years later in 1997, when it went public.  

As of the last close, Amazon's market capitalization stands at $1.475 trillion.

“I had no idea it had this potential. I blew it,” Buffett reportedly said about Amazon in the past.

In the first quarter of 2019, Buffett's Berkshire began buying shares of Amazon, but Buffett at the time said he wasn't behind the purchases. "One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F," he told CNBC. 

See Also: A Complete Guide to FAANG Stocks 

In May 2019, when ...

Full story available on Benzinga.com


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