When Buffet speaks, people listen:
Warren Buffett's Berkshire Hathaway has sold off $900 million of Walmart stock, choosing to invest billions in airlines instead.
The sale, which leaves Buffett with nearly no shares in Walmart, comes as the US's largest traditional retailer has been rushing to catch up to Amazon and other online competitors.
Amazon's market value is now $356 billion, compared with Walmart's $298 billion. Last year, Buffett acknowledged that traditional brick-and-mortar retailers were struggling in the face of competition from the e-commerce giant.
Yes, but is he still long on Big Cola?
(Score: 3, Funny) by tangomargarine on Thursday February 16 2017, @03:58PM
I'm a young-in (30), but
Well, that you don't know how to properly spell "young'un" is a pretty good indicator...
"Is that really true?" "I just spent the last hour telling you to think for yourself! Didn't you hear anything I said?"