Amazon Inc.

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“Emodi has spoken about this situation in recent days with Amazon CEO Andy Jasse and others.”

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“Andy Jasse is one of their largest investors. That's that's why he's talking to Andy Jasse”

Why Berkshire paid too much for Kraft

“particularly in the case of Amazon and Walmart and their reaction to it, and Costco”

TIP721: Berkshire Hathaway Annual Shareholders Meeting 2025

“The Investor's Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases”

TIP721: Berkshire Hathaway Annual Shareholders Meeting 2025

“The Investor's Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases made through our affiliate links.”

'The tapeworm won'

“we tried that experiment with J.P. Morgan and Amazon. We had three people that didn't think they knew the answer”

Afternoon Session - 2025 Meeting

“I would recommend to all of you that you go to Amazon Prime. I've got no financial interest in this, but you go to Amazon Prime and click on a a documentary”

Afternoon Session - 2025 Meeting

“big tech companies, Apple, Alphabet, Microsoft, and Amazon. With all of those companies now announcing massive capital investment”

Afternoon Session - 2025 Meeting

“We tried that experiment with J.P. Morgan and Amazon. And we had three people that didn't think they knew the answer”

Afternoon Session - 2025 Meeting

“J.P. Morgan and Amazon and Berkshire were not going to have any effect on changing that 20%.”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“Did you ever meet him? Yeah, I met Bezos. You mentioned earlier about Coca-Cola becoming a little bit less efficient than they used to be?”

RARE Charlie Munger 2017 Daily Journal AFTER Interview

“Also, do you know Norbert Liu of Punch Credit Capital and do you have any thoughts on Amazon? I don't know.”

TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024

“Disclosure: The Investor's Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases made through our affiliate links.”

TIP629: Berkshire Hathaway Annual Shareholder's Meeting 2024

“The Investor's Podcast Network is an Amazon Associate. We may earn commission from qualifying purchases made through our affiliate links.”

2024 Berkshire Hathaway Shareholder Letter

“Amazon, I should acknowledge, made some brutally candid observations in its 2021 letter.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Or he said, you could look for value in buying Amazon as someone like Bill Miller did.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“he was talking to you about Amazon years ago, and you ended up buying Amazon after discussing it with him.”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“you could look for value in buying Amazon as someone like Bill Miller did. So he said, you can hunt in various places”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Josh Tarasoff, a mutual friend of ours the other day, an excellent hedge fund manager who I remember he was talking to you about Amazon years ago, and you ended up buying Amazon”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“you could look for value in buying Amazon as someone like Bill Miller did”

RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis

“Josh Tarasoff, a mutual friend of ours the other day, an excellent hedge fund manager who I remember he was talking to you about Amazon years ago, and you ended up buying Amazon after discussing it wi”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“changing narratives around Jeff Bezos or Bill Gates or Sam Walton and Walmart”

Learning from Warren Buffett & Charlie Munger w/ Chris Davis

“watching the changing narratives around Jeff Bezos or Bill Gates or Sam Walton and Walmart”

Morning Session - 2023 Meeting

“Amazon was focused on building their famous Amazon flywheel with limited profits initially in order to obtain stronger network effects”

Morning Session - 2023 Meeting

“I check it every now and then on Amazon to where it ranks. And you know, Amazon ranks hundreds and hundreds and hundreds of thousands of books by sales.”

Daily Journal Annual Meeting 2023 — Munger Q&A

“experiment with JPMorgan Chase and Amazon and so forth. And they were going to change. They improve the -- what was wrong with the American medicine and its cost”

Daily Journal Annual Meeting 2023 — Munger Q&A

“He failed too. Everybody's failed...I weren't trying to fix it with Amazon, all that stuff. He failed too.”

Warren Buffett (Charlie Rose Returns)

“Amazon, you know, who knows how many they employ. And JV employs them. You know, it's fantastic.”

Warren Buffett (Charlie Rose Returns)

“It's remarkable to see a company, which was founded on selling books, now is a technological giant.”

Daily Journal Annual Meeting 2022 — Munger Q&A

“Best comparable is Amazon, which is triple Alibaba's P/E.”

America's health care "tapeworm" won

“joint venture between Berkshire, J.P. Morgan, and Amazon to investigate what could be done about the current state of medical health care”

Part 2 - 2021 Meeting

“the joint venture between Berkshire, J.P. Morgan, Morgan, and Amazon. to investigate what could be done about the current state of medical health care”

TIP346: Masterclass in Valuation w/ Chris Bloomstran

“Amazon's expanding earnings power driven by AI and robotics, and how AI could impact Constellation Software”

TIP346: Masterclass in Valuation w/ Chris Bloomstran

“How products from Tesla & Amazon inspire "blown-awayness"”

Daily Journal Annual Meeting 2021 — Munger Q&A

“why did you feel that Amazon had more to fear from Costco than Costco had to fear from Amazon?”

Daily Journal Annual Meeting 2021 — Munger Q&A

“Costco presents some danger to Amazon. They've got a better reputation for providing value than practically anybody, including Amazon.”

Daily Journal Annual Meeting 2021 — Munger Q&A

“attention on now that he will not have to be as concerned about the day to day responsibilities of Amazon?”

Daily Journal Annual Meeting 2021 — Munger Q&A

“I'm a great admirer of Jeff Bezos whom I consider one of the smartest businessmen who ever lived.”

Berkshire's Amazon buy isn't a shift away from "value" investing

“the Amazon purchase and that relative to Berkshire, it's likely a small stake, the investment still caught me off guard”

2019 Annual Meeting Highlight Reel

“The people making the decision on Amazon are absolutely much value investors as I was when I was looking around for all these things selling below working capital”

Berkshire's Amazon buy isn't a shift away from "value" investing

“whether you're buying some bank at 70% of book value or you're buying Amazon at some very high multiple reported earnings”

Berkshire's Amazon buy isn't a shift away from "value" investing

“one of them bought some Amazon stock in the last quarter, which will get reported in another week or 10 days. He is a value investor”

Berkshire's Amazon buy isn't a shift away from "value" investing

“I don't mind not having caught Amazon early. The guy is kind of a miracle worker.”

2019 Annual Meeting Highlight Reel

“I don't mind not having caught Amazon early, but I feel like a horse has for not identifying Google better.”

Afternoon Session - 2019 Meeting

“most dominant companies in the world are technology companies, and we have built powerful platforms such as Amazon, Google, Facebook, and Microsoft in America”

Morning Session - 2019 Meeting

“we're involved in this effort along with J.P. Morgan and Amazon, with Jamie Diamond and Jeff Bezos”

Morning Session - 2019 Meeting

“Amazon has announced intentions to launch grocery outlets, meaning that as Mr. Bezos has often stated”

Morning Session - 2019 Meeting

“But you're quite correct that Amazon itself has become a brand... the position of the retailer relative to the brands... Amazon and Walmart and their reaction to it, and Costco, and Aldi”

Morning Session - 2019 Meeting

“partly because of some successes like most dramatically Amazon in the past, that investors are willing to look at losses”

Morning Session - 2019 Meeting

“Amazon, the people making the decision on Amazon are absolutely much value investors as I was when I was looking around”

Morning Session - 2019 Meeting

“whether you're buying some bank at 70% of book value or you're buying Amazon at some very high multiple of reported earnings.”

Morning Session - 2019 Meeting

“one of them bought some Amazon stock in the last quarter, which will get reported in another week or 10 days. He is a value investor.”

Morning Session - 2019 Meeting

“when we buy Amazon, we try and figure out whether the fellow that bought it, tries to figure out whether there's three or four or five in the bush”

Afternoon Session - 2019 Meeting

“medical initiative we have with JP Morgan and Amazon, I mean, I don't know how many hours”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“going toe-to-to-toe with a Walmart or a Costco or maybe an Amazon pretty soon”

Buffett: We need to help free trade's "roadkill" | March 28, 2019

“Like you should have bought Amazon a long time ago. You should have bought Google slash alphabet a long time ago.”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“relocation problems, you know, in New York and Amazon, all that sort of thing”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“let's talk about that decision of Amazon to say, forget it to a second headquarters in New York City”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“I've been amazed at what Amazon has done there, and now Microsoft is doing as well”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“what we haven't spent much time talking about, and we've mentioned it briefly, it was just this idea of what happened with Amazon and looking for a second headquarters.”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“from Amazon standpoint, I mean, it hurts some a little, too. Not a great big way for either one”

Buffett: "I was wrong" on Kraft Heinz | February 25, 2019

“particularly with the addition of Amazon of the picture. I mean, when you have Amazon and Walmart fighting”

Buffett: I didn't pull the trigger to buy Amazon | May 2, 2019

“although you've been a fan of amazon and jeff bezos for a long time yeah i've been a fan and i've been an idiot for not buying”

Buffett: Stocks are 'ridiculously cheap' if rates don't move | May 6, 2019

“That's a problem you've been focused on at Berkshire along with J.P. Morgan and Amazon.”

Criticizing the cryptocurrency craze | May 7, 2018

“Amazon is one of the shares that you haven't bought that you wished you had. Are you ever going to buy shares of Amazon? It'll probably be tough.”

Criticizing the cryptocurrency craze | May 7, 2018

“Berkshire's move to go along with J.P. Morgan and Amazon to try and come up with a way to rein in health care costs and health care cost inflation”

Criticizing the cryptocurrency craze | May 7, 2018

“when you do implement the health care program with Amazon and J.P. Morgan, whether it will be voluntary for the managers”

"What Jeff Bezos has done is something close to a miracle"

“I've watched Amazon from the start, and I think what Jeff Bezos says, is done is something close to a miracle... I really consider that a miracle that you could be doing amazon web services and changi”

2018 Annual Meeting Highlight Reel

“I've watched Amazon from the start, and I think what Jeff Bezos has done is is something close to a miracle.”

Afternoon Session - 2018 Meeting

“You have praised Jeff Bezos but never bought Amazon. And you have doubled down on Apple.”

Morning Session - 2018 Meeting

“Now that you're partnering with Amazon and healthcare, I'm curious, have you started to understand how to apply these biases”

Morning Session - 2018 Meeting

“given the entry of Amazon into the battery market”

Afternoon Session - 2018 Meeting

“all of the tech stocks like Amazon and Google, because you've avoided them you've stated in the past because they're complicated”

Afternoon Session - 2018 Meeting

“I've watched Amazon from the start, and I think what Jeff Bezos has done is something close to a miracle.”

Afternoon Session - 2018 Meeting

“made the wrong decision on Google and Amazon, I just, really consider that a miracle...without enormous amounts of capital and do it with the speed and effectiveness of what Amazon has done. I just, I”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“This could strengthen the health care partnership with JPMorgan and Amazon.”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“Amazon has proved that a lot of businesses that you thought had to be done face-to-face could be done very well from thousands of miles away.”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“the health care proposal between Berkshire Hathaway, J.P. Morgan and Amazon coming up in just a little bit”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“a retailer you can call Amazon at that type, goes into another big industry...he got this amazing runway...he was in an important way revolutionizing the industry”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“your new health venture with Amazon and J.P. Morgan designed to be free from profit-making incentives”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“companies like Berkshire Hathaway and JPM and Amazon make up, I think they cover about half of all American households.”

Buffett's health care partnership is "determined" to contain costs | February 26, 2018

“you said you missed out on buying Amazon. The stock was $935 last May. Today it's $1,500... I'm amazed at the managerial talent of Jeff Bezos. But I've been a constant fan”

Daily Journal Annual Meeting 2018 — Munger Q&A

“valuation of software companies like Apple, Facebook, Google, Amazon, Alibaba. Are they over-valued”

Daily Journal Annual Meeting 2018 — Munger Q&A

“the Berkshire, J.P. Morgan, Amazon, healthcare partnership and why in the initial press release”

Daily Journal Annual Meeting 2018 — Munger Q&A

“And of course Amazon I don't know that much about except that it's unbelievably aggressive. And the man who heads it is ferociously smart.”

"I was wrong" on IBM | August 30, 2017

“Warren, let me ask you about Amazon and Whole Foods. I'm asking in the context of Kraft Heinz.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“If I was forced to buy it or short it, I'd buy it. Same way as Amazon. But it's a little hard when you look at something at X and it sells at 10X.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“When you get into a Google and Amazon, you're paying for the future more. But they may well have a better future”

Buying Apple, selling IBM, missing Google | May 8, 2017

“It's Apple, Microsoft, Amazon, Google, and who am I leaving out? And Facebook. Right, and Facebook. Those are the five... Those are the wonderful business.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“it's one of five companies that take no capital to continue to build.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“Jeff Bezos has talked about that in Amazon. He said, look, with Amazon, he said, we needed the internet.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“how Jeff Bezos is the best business leader you think we have right now in the United States about how Amazon is a brilliant company.”

Buying Apple, selling IBM, missing Google | May 8, 2017

“How come you don't buy shares of Amazon? Stupidity. I was impressed with Jeff early.”

"We underestimated the brilliance of Jeff Bezos"

“Amazon has been hugely disruptive due to the brilliance of Jeff Bezos, whom Charlie earlier called the business mind of our generation.”

"The department store is online now"

“whether they try to do it online themselves or work through through an Amazon or whether they try to hang on to the old methods”

2017 Annual Meeting Highlight Reel

“What is your current outlook on Amazon, and why hasn't Berkshire bought in? Well, because I was too dumb”

Morning Session - 2017 Meeting

“Jeff Bezos has done. I mean, I mean, I mean, I mean, people like the melons invested in a lot of different industries and all of that, but he has been in effect the CEO simultaneously”

Morning Session - 2017 Meeting

“jeff bezos is the different species and we missed it entirely incident we never owned a share of amazon okay”

Afternoon Session - 2017 Meeting

“Amazon has been hugely disruptive due to the brilliance of Jeff Bezos, whom Charlie earlier called the business mind of our generation. What is your current outlook on Amazon”

Afternoon Session - 2017 Meeting

“I've really underestimated the brilliance of the execution. I mean, it's one thing to dream about doing this stuff online... he laid out a roadmap, and he's done it and done it in spades.”

Buffett buys airlines and Apple | February 27, 2017

“Jeff Bezos, said he's probably. probably the best manager you've ever seen. I think maybe he is.”

Buffett buys airlines and Apple | February 27, 2017

“Amazon in particular is someone that's going, it's an entity that's going to have everybody in their sites. And they've got delighted customers. And it's extraordinary what they've accomplished.”

Buffett buys airlines and Apple | February 27, 2017

“I admired it long ago, but I didn't understand the power of the model as I went along.”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“you basically said look, Amazon has done great things, and Berkshire is not going to out Bezos”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“you don't want to give a guy like Bezos a lead. I mean, he's bad enough if you're starting on the same starting point”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“his game is. It's retailing. It's online retailing. But so much of Amazon's huge profits from the last go-round came from AWS, from the cloud. And that's incredible.”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“you saw what Amazon was doing, it would feel that the time to go after him was not 10 years from now, but now”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“You're going to face it if you supply Amazon. Right, right.”

Buffett on Trump vs. Clinton, Brexit, and Amazon's Bezos | May 2, 2016

“In the cloud, we have a number of companies, including Amazon, doing a great job, but Microsoft having some special enterprise support there, which is really quite unique.”

Afternoon Session - 2016 Meeting

“just take Amazon, you have to, you want to try a lot of things”

"Charlie and I are not going to out-Bezos Bezos"

“the rise of Amazon.com and others a shift from push marketing to pull marketing, from millions of catalogs having been sent out in the past to now consumers searching on what they are looking for”

Does Berkshire do enough due diligence?

“whether Amazon is likely to kill them, you know, in a few years or that sort of thing”

"Charlie and I are not going to out-Bezos Bezos"

“Amazon but others that are playing the same game. The effect on industry, the full effect, is far from having been seen. It is a big, big force”

"Charlie and I are not going to out-Bezos Bezos"

“Amazon is a huge part of it, and what they've accomplished in a fairly short period of time and continue to accomplish is remarkable. The number of satisfied customers they've developed”

Morning Session - 2016 Meeting

“And it isn't just Amazon, but Amazon is a huge part of it, and what they've accomplished in a fairly short period of time”

Morning Session - 2016 Meeting

“With the rise of Amazon.com and others, a shift from push marketing to pull marketing”

Morning Session - 2016 Meeting

“The number of satisfied customers they've developed...that powerful trend, really hugely powerful trend”

Morning Session - 2016 Meeting

“the effect, I would say just of Amazon, but others that are playing the same game, the effect on industry, the full effect is far from having been seen.”

Afternoon Session - 2016 Meeting

“whether Amazon's likely to kill them, you know, in a few years, or that sort of thing”

Afternoon Session - 2016 Meeting

“they are under a lot of pressure competing with Amazon and others”

Afternoon Session - 2016 Meeting

“think of the value of Jeff Bezos to Amazon, I mean, that it wouldn't have happened without them, you know, and you're looking at huge values”

2016 Berkshire Hathaway Shareholder Letter

“Long Bets was seeded by Amazon's Jeff Bezos and operates as a non-profit organization”

Defending Clayton Homes and Berkshire's IBM stake | May 4, 2015

“Amazon, for example, I mean, they just gave their figures out on cloud computing a few weeks ago”

Daily Journal Annual Meeting 2015 — Munger Q&A

“I think a lot like Jeff Bezos [AMZN] on that.”

We'll never want to "go to war" with Coca-Cola | May 5, 2014

“What do you think about the Amazon business model, though? Well, I think it's very disruptive to practically everybody else. I think it's a formidable model”

Buffett sees "gradual improvement" in economy | May 6, 2013

“companies coming up like Amazon, Facebook, Samsung, to some degree, belongs in that mix”

Buffett on Heinz deal: "We've got a great business" | March 4, 2013

“Amazon is, they are, they're moving all the time... your competitors always moving”

Daily Journal Annual Meeting 2013 — Munger Q&A

“Then you add the Amazon threat... That Amazon system, where you just punch a button and it comes the next day.”

Amazon is "really terrible" for retailers

“Amazon has been an incredible success, it's very hard to find people who have done business with Amazon that are unhappy”

Amazon is "really terrible" for retailers

“Amazon or online grocery stores. Amazon's a tough one to figure. I mean, Amazon, it could affect a lot of businesses”

2012 Annual Meeting Highlight Reel

“Amazon has been an incredible security. It's very hard to find people who have done business with Amazon that are unhappy about the transaction. They have happy customers.”

Afternoon Session - 2012 Meeting

“retailing, disrupted by Amazon and others, by comparison, shopping.”

Morning Session - 2012 Meeting

“Amazon is a tough one to figure. I mean, Amazon, it could affect a lot of businesses that don't think they're going to be affected today.”

Morning Session - 2012 Meeting

“Amazon has been an incredible success. It's very hard to find people who have done business with Amazon that are unhappy”

2007 Berkshire Hathaway Shareholder Letter

“we purchased €310 million Amazon.com, Inc. 6 7/8 of 2010 at 57% of par. At the time, Amazon bonds were priced as "junk" credits, though they were anything but.”

2007 Berkshire Hathaway Shareholder Letter

“The Euro denomination of the Amazon bonds was a further, and important, attraction for us.”

How can Berkshire capitalize on the internet?

“you've got Dell computer, and now you have Amazon.com, but GEICO is doing business with now 3.7 million policyholders”

Afternoon Session - 1999 Meeting

“you've got Dell computer, and now you have Amazon.com, but Geico is doing business”

Practical Thought About Practical Thought (1996)

“Danger of consultants: http://www.amazon.com/Dangerous-Company-Consulting-Powerhouses-”