Why Warren Buffett Shouldn't Buy Amazon

Rule Breaker Investing

The Motley Fool

Business, Investing, Invest, Rulebreaker, Stocks, Company, Growth, Stockmarket, Fool, Foolish

4.5 • 928 Ratings

🗓️ 17 May 2017

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

When Warren Buffet was asked on CNBC why he still isn’t buying Amazon – a company he greatly admires – he quipped, “Stupidity.” But why should the greatest investor of our time regret sitting out on a single company that sits outside the framework of his self-ascribed circle of competence? Buffett doesn’t need to be a Rule Breaker. That’s for you and me, fellow Fools!

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Transcript

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0:00.0	Thanks to Slack for supporting this episode of Rule Breaker Investing.
0:03.9	Slack is a messaging app which brings together all your team's
0:07.6	communications in one place, making work simpler and more productive.
0:13.0	Go to W.W. Slack.com to learn more.
0:17.0	It's the Rule Breaker Investing Podcast
0:21.0	with Motley Fool co-founder David Gardner.
0:27.0	Welcome back to Rule Breaker Investing. I'm David Gardner. I tweeted this out, but as I taped this, I turned 51 today.
0:35.1	So kind of fun to look back on being a 17-year-old now three times over on May 16, 1966, right through to today.
0:44.4	I want to mention, I think I've mentioned this,
0:46.1	maybe I mentioned this each year on my birthday.
0:48.0	There's one other person in the world
0:49.6	quite a bit more famous than me or really most anybody else that shares my exact same day
0:54.3	birthday my birthday twin so I have to send my annual shout out because she and I are
0:59.4	the exact same age Janet Jackson anytime you look at Janet think of me we're the same age, Janet Jackson, any time you look at Janet, think of me, we're the same age, she looks better.
1:07.0	So what do I want to talk about on my 51st birthday?
1:10.0	Well, I think I want to reflect this week on Warren Buffett not buying Amazon.
1:17.5	So a lot has been made in the last few weeks ever since Buffett came out in Omaha at the annual Berkshire Hathaway Fast that happens around
1:26.2	this time every year, attended by so many Buffett fans, so many people who are both grateful and admiring of what he has done and I count myself
1:37.9	among them even though I've still never been to the Berkshire shareholders meeting.
1:43.2	But he was asked, I guess, over the course of the Q&A,
1:48.4	why hadn't he bought Amazon?
1:49.8	And he said he hadn't bought Amazon.
	...

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