Warren Buffett reduces Amazon stake by 77% and invests in The New York Times
Warren Buffett significantly reduced Berkshire Hathaway's stake in Amazon by 77%, while increasing his position in The New York Times. This move reflects a broader strategy shift away from large tech holdings and into media and traditional businesses. The change suggests a reassessment of Amazon's value or a preference for other investment opportunities.
Topics: Amazon Berkshire Hathaway Portfolio Management The New York Times Warren Buffett