On Thursday, he said Berkshire had bought Amazon.com Inc. shares after mostly avoiding technology stocks. Buffett has acknowledged that he didn’t understand the products and markets well enough and underestimated Jeff Bezos.
“Size is an anchor in business or investing,” said Lawrence Cunningham, a George Washington University professor who wrote Margin of Trust: The Berkshire Business Model with his wife Stephanie Cuba. “It’s harder to find a place to put every dollar to work at those returns.”
This article was provided by Bloomberg News.