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Buffett's Berkshire reveals $861 million Amazon stake

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Buffett's Berkshire reveals $861 million Amazon stake

Buffett's Berkshire reveals $861 million Amazon stake

According to Reuters, Warren Buffett’s Berkshire Hathaway said it owned $860.6 million of Amazon.com shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.

Wednesday’s filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler.

Buffett told CNBC this month that the Amazon investment was made by Combs or Weschler, and that he had been “an idiot” for not investing in Amazon himself.

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