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: 2) by DeathMonkey on Thursday February 16 2017, @06:35PM
Yeah right the death of the brick and mortar described by some idiot who has no clue.
Have you ever heard of Warren Buffet?!
I don't think that quote is from Buffet, it's hyperbole from the article author.