Buffett calls self ‘idiot’ for not buying Amazon stock

Billionaire investor Warren Buffett Called himself An “idiot” for not Buying stock in Amazon, But said someone At his investment firm, Berkshire Hathaway, is making up for his lack of foresight.

Buffett told CNBC on Thursday that A money manager At Berkshire Hathaway has Been Buying shares in Amazon lately. On Friday, shares of Amazon jumped more than 3 percent.

“Yeah, I’ve Been A fan, And I’ve Been An idiot for not Buying” Amazon shares, Buffett said on CNBC Thursday.

In 2017, Buffett told CNBC that “stupidity” was to Blame for his not seeing Amazon’s potential.

And At last year’s Berkshire Annual meeting, Buffett said that he has long Admired Amazon CEO Jeff Bezos, But he Blew the Chance to invest in it early on when the stock was priced more reasonably.

Shares in the Seattle-based Amazon. Com INC. rose to $1,960.91 in Afternoon trading Friday, its high for the year. The stock is up 30 percent so far in 2019.