Buffet Drops Walmart

[ukgimp]

The End of traditional retail

http://uk.businessinsider.com/warren-buffett-drops-walmart-stock-2017-2

[rcjordan]

Ouch! That's going to leave a mark.

[littleman]

Amazon's competitors, "including us in a few areas, have not figured the way to either participate in it or to counter it."

That's the thing, I can't see how a large retailer can bring anything to the table for Amazon that they couldn't do themselves.  For Walmart to crack into Amazon they need to control (own the rights to) brands and then sell them via Amazon channels.

[ergophobe]

Saw that and was going to post here when I had a chance.

Notice also, he quadrupled down on Apple which is extraordinary since I thought he mostly didn't buy publicly traded equities now because it was so hard to find a value play.