Warren Buffett’s Berkshire takes big bet on Amazon

EDINBURGH — At BizNews, we are great fans of Warren Buffett, who is also called the Sage of Omaha for his investment prowess. BizNews founder and editor-in-chief Alec Hogg has closely studied Buffett's investment approach and has produced a book for South African investors on how to emulate the Buffett process. In the BizNews share portfolios, it is inevitable that the types of principles espoused by Warren Buffett are incorporated in decision-making. Amazon has been in the BizNews share portfolio for some time. Buffett this week said he had got in on Amazon a bit late, after under-estimating its founder Jeff Bezos. Buffett has demonstrated an uncanny ability to identify stocks that outpace others, which has enabled him to deliver returns above the stock market averages for more than five decades, so don't be surprised if Amazon continues to be a winner for the foreseeable future. – Jackie Cameron

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