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posted by on Thursday February 16 2017, @06:20AM   Printer-friendly
from the the-wizard-of-omaha-is-never-wrong dept.

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?


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  • (Score: 1) by khallow on Thursday February 16 2017, @04:03PM

    by khallow (3766) Subscriber Badge on Thursday February 16 2017, @04:03PM (#467838) Journal

    the average home owner who is remodeling their kitchen only needs that $100 circular saw to work well for a dozen or so times, but you're making a mistake buying any tools there if your livelihood depends upon your tools).

    That will remain true even if everything is "made in USA". Cheap tools remain low quality. And the same dynamics that encourage Walmart and Home Depot to sell these items will continue to exist. You'll just pay more for it.