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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 donkeyhotay on Monday February 20 2017, @04:34PM

    by donkeyhotay (2540) on Monday February 20 2017, @04:34PM (#469305)

    I've never had an experience with Amazon as bad as what you describe, but I agree that it would be very frustrating to have that sort of thing happen.

    The one thing I can totally agree with you on is the quality of some goods ordered via Amazon. I've received a couple of items that were pretty crappy and obviously Chinese knock-offs. Amazon definitely needs to do something about that.

    Since those two bad experiences I have started getting careful about who I purchase from, rather than just clicking on the least expensive seller. I haven't had any bad experiences for a while now.

    Additionally, to be fair, Walmart sells some pretty crappy stuff too. I've noticed, among people making small talk, there are three "safe" topics for discussion: 1) The Weather 2) Your latest DIY project 3) The most recent thing you've had to return to Walmart because it didn't work.

    :-)

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  • (Score: 2) by urza9814 on Monday February 20 2017, @05:33PM

    by urza9814 (3954) on Monday February 20 2017, @05:33PM (#469340) Journal

    Additionally, to be fair, Walmart sells some pretty crappy stuff too. I've noticed, among people making small talk, there are three "safe" topics for discussion: 1) The Weather 2) Your latest DIY project 3) The most recent thing you've had to return to Walmart because it didn't work.

    I'm sure they do...although I stopped shopping there about ten years ago. Not that I was shopping there much at the time to begin with, but it was the only place I could find in my hometown to buy a decent pair of sunglasses (it was a small town...) Then I discovered the pairs I was paying $20 for at Walmart could be found online for $7...for a three pack. So that was the last time I went to Walmart...