Julie Bort, provided by Published 5:07 pm, Tuesday, May 15, 2018 REUTERS/Abhishek N. Chinnappa Warren Buffett says he “blew it” when it came to passing on an early investment in Amazon, which became one of the world’s leading companies. He passed on Amazon in 1994, when it was founded, and nobody thought an online bookstore could work. He passed on Amazon again in 1997, when it had its IPO, which doubters thought would never take off. Some of those doubters were temporarily right, too. In late 2001 and some of 2002, the stock languished below its IPO price. While Buffett has high praise for Amazon founder Jeff Bezos, he also says doesn’t think he’ll ever buy the stock: “I’ve probably got so many psychological problems with the fact that I didn’t do it that it’s very hard to do it.” Business Channel Now Playing: Now Playing Don’t Get Burned! Your Sunscreen’s SPF Label Isn’t Always Right Buzz 60 These 5 Unprofessional Work Habits Will Make Everyone Hate You Buzz 60 Uber Is Changing the Way It Handles Sexual Assault Fortune People Who Get Fired Tend to Have This One Thing in Common Buzz 60 Google Makes It Easier to Put Down… Read full this story
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Warren Buffett says he 'blew it' when he didn't invest in Amazon early, and the regret is what keeps him from investing today (AMZN) have 306 words, post on www.mysanantonio.com at May 14, 2018. This is cached page on CuBird. If you want remove this page, please contact us.