Billionaire Seth Klarman cuts Amazon

[Bianke Neethling]

Billionaire Seth Klarman cuts Amazon

Billionaire investor Seth Klarman's Baupost Group cut Amazon from its portfolio and reduced its stake in Google-owner Alphabet.

 

[PaulGherkin]

Who cares?

 

[epah]

Who cares?

Bianke Neethling

 

[ShaunSA]

And?

 

[UB40]

And?

Dawie Roodt

 

[epah]

And?

Its like you cutting your shares in LuvLand, No one would care.

 

[rh1]

Article contradicts:

Klarman is also known for his long-term approach to investing, often holding positions for several years and waiting for the market to recognise the underlying value of his investments.

Baupost sold its entire stake in Amazon and Union Pacific, both of which the company bought in the previous quarter.