“Without Buffett, Berkshire is FINALLY Going All-In on AI!”
Macy's is unsuitable for long-term investment due to the existential threat of e-commerce competition, particularly from Amazon, which outweighs its low valuation and asset base.
Well, here we already have a stock that I think , you know, is the kind of stock that Buffett might invest in, I don't know what the right word is. It might be stubborn enough to invest in.
This stock is Macy's, ticker symbol M, where Berkshire just pumped over $90 million to increase its stake by a staggering 142% during the quarter.