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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: 2) by HiThere on Thursday February 16 2017, @07:53PM

    by HiThere (866) Subscriber Badge on Thursday February 16 2017, @07:53PM (#467928) Journal

    Reasonable arguments, but the charges for delivery often make shopping the better choice. For clothes I'd like to say that being able to try them on for fit is also important, but, for me, getting to a clothes store has become so difficult that now I *do* order over the internet, even though I'd rather not...and often find myself less than pleased with the cut of the clothes I get.

    That said, I wouldn't expect WallMart to carry anything in my size anyway, and the last time I was in one (somewhere over a decade ago) there wasn't any decent way to try them on for fit anyway.

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  • (Score: 0) by Anonymous Coward on Thursday February 16 2017, @09:13PM

    by Anonymous Coward on Thursday February 16 2017, @09:13PM (#467964)
    OP here. Yea, I'm pretty boring/efficient. As a byproduct, I order a pair of pants, try them on, make sure they fit, return if necessary, and then order a stack of them from the same company. This way I only end up buying clothes once every few years. The second problem is that the selection on the internet is SO MUCH better. Take my last few purchases - lifetime warranty socks, linen/rayon blend mens yoga pants, high-performance compression socks, spiderman close-fitting undershirt. Yea, whatever, I'm a weirdo, but just _try_ finding any _one_ of those things in a store.