Berkshire Hathaway share price: 3 things to expect from Q1 results

Buffett Capitalism is still good for America

Amazon's closing price on Thursday, ahead of this disclosure, was $1,900.82, and the shares were up nearly 2% at $1,938 shortly after the opening bell on Friday.

The news of the investment comes ahead of Berkshire's annual shareholder meeting this weekend in Omaha, when tens of thousands of investors head to the Nebraska city to hear the billionaire and his longstanding business partner, Charlie Munger, opine on their investment strategy and views of the world.

Still, Berkshire Hathaway ended previous year with its Apple investment valued more than the cost of buying the shares.

Berkshire Hathaway and Amazon did not immediately respond to a Reuters request for comment.

"He said Berkshire Hathaway bought Amazon - Warren Buffett didn't buy Amazon", Siefert said. Although Buffett has always been a fan of Amazon, he has never bought shares of Amazon.

Warren Buffett, the CEO and chairman of the Berkshire Hathaway, doesn't think the USA political system is shifting toward socialism anytime soon, despite a progressive push from some Democrats.

Berkshire often buys the stocks of companies that appear as quite expensive. "I hope [Buffett] lives forever, but that's probably not a good bet".

GEICO, the United States auto insurer known for its mascot, a green, British-accented gecko, was one of Buffett's first big moves.

Apple was the largest single holding in Berkshire's US$173 billion ($260.3b) equity portfolio at the end of past year, with a stake valued at more than US$40b.

The patience afforded to Bezos is starting to pay off. Amazon reported a record US$3.6b profit in the first quarter, although its pace of sales growth had slowed. They both said that Abel is a big proponent of the "decentralized" approach Buffett is known for when running his businesses. Suncor rose 4.1%. Investors saw Berkshire Hathaway's investment in the company as a bullish sign. The company also this week pledged $10 billion to help finance Occidental Petroleum's bid to beat out rival Chevron take over Anadarko Petroleum.

Berkshire Hathaway also has significant stakes in companies like the food conglomerate Kraft-Heinz.

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