Berkshire Meeting: Munger on Amazon: 'No Regrets' for Having Missed It
May 06 2017 - 4:11PM
Dow Jones News
Yet another question on tech investments, this time focused on
Amazon. The questioner wants to know, effectively, how Berkshire
missed the chance to invest.
Mr. Buffett says he "underestimated the brilliance" of Amazon's
Jeff Bezos, not just of vision, but of execution. The odds that he
would succeed was "not at all obvious."
Mr. Munger adds: "I don't feel any regret" for having overlooked
that investment, and suggests that was a harder one to spot than
Google...suggesting perhaps that he's sorry to have overlooked that
investment opportunity.
But he's still able to joke about having gotten a few other
investments right along the way.
"That's our secret," says Munger, "we don't miss them all."
Click here to see the full live coverage of Warren Buffett at
Berkshire Hathaway's annual meeting:
http://www.wsj.com/livecoverage/berkshire-hathaway-2017-annual-meeting-analysis
Write to Erik Holm at erik.holm@wsj.com
(END) Dow Jones Newswires
May 06, 2017 15:56 ET (19:56 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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