Tag AMZN

Legendary investor Charlie Munger died on November 28th at the age of 99. He served not only as Berkshire Hathaway's (BRK-B) Vice Chairman, but as Warren Buffett's right-hand man for nearly six decades. Over the years, Yahoo Finance has had the opportunity to sit down one-on-one with him to discuss everything from inflation to crypto. Here's a look back at his expert insight and advice as we commemorate his monumental legacy. Charlie Munger on Berkshire Hathaway deals (00:00:25) "I can't think of a single example in my whole life where keep keeping it simple has worked against us," Munger said. "We made mistakes but they weren't because we kept it simple." Charlie Munger on investment advice to younger generations (00:00:55) "To flit around to various careers and go into the other fellow's professional territory and try and outdo him and do all kinds of things like that, I think will not work for most people," Munger explained. "A young man goes to see Mozart and says, Mozart, I want to start composing symphonies. And Mozart said, how old are you? And the guy says, 22. And he says, you're too young to do symphonies. And the guy says, yes, but you were 10 years old when you were composing semis. And Mozart says yes, but I wasn't running around asking other people how to do it." Charlie Munger on boom or bust economy (00:02:02) "The economy sometimes booms and sometimes it doesn't," Munger said. "We just keep swimming, and sometimes the tide is with us, and sometimes the tide is against. But we keep swimming either way." Charlie Munger on the Federal Reserve's decisions on national debt (00:02:20) "There comes a time when printing money is counterproductive," Munger explained. "I don't think we are at that point, but nobody knew when the point was going to come. And we don't know now." Charlie Munger on wealth and income inequality (00:02:53) "Nobody was trying to make the rich richer," Munger said. "It just was an accidental byproduct of a correct governmental decision made on a bipartisan basis." Charlie Munger on Amazon, admiration of Jeff Bezos (00:03:54) "I've never owned a share of Amazon (AMZN). I'm a huge admirer of Bezos," Munger explained. "It's always been too complicated and uncertain for my particular temperament." Charlie Munger on Apple, investing in tech stocks (00:04:19) "I think Apple (AAPL) is one of the strongest companies in the world. I judge the strength of the company based on how much the customers love it," Munger said. "That's a hugely powerful position to be in. And I think Apple is one of the strong companies and will stay a strong company." Charlie Munger on inflation amid geopolitical risk (00:05:04) "Inflation is a very serious subject," Munger explained. "If you look at the Roman Republic, and even after they went to a empire with an absolute ruler, they inflated the currency steadily for hundreds of years, and eventually the whole damn Roman empire collapsed. So it's the biggest long run danger we have, probably apart from nuclear war." Charlie Munger on the Federal Reserve's reaction to inflation (00:05:57) "The reaction this time was bigger than it's ever been before in the history of the United States," Munger said. "They just threw money at the problem, and they were probably right to fear what was going to happen and to throw money at it. But they probably overdid it a little." Charlie Munger on cryptocurrency, the future of Bitcoin (00:06:28) "It's an ideal currency if you want to commit extortion or kidnapping or protection or something," Munger explained. "Why should a civilized government want an ideal untraceable technology to come into the payment system run by a bunch of people who want to get rich quick for doing very little for civilization? Of course. I hate it." Charlie Munger on the widening economic gap post-pandemic (00:07:27) "Of course it creates tension. People are not motivated by greed, they're motivated by envy. It's the nature of our species," Munger said. "It'll never go away as long as you have human beings." Check out more coverage on Charlie Munger by Yahoo Finance: • Charlie Munger and Warren Buffett: The power of partnership • Munger-Buffett legacy cannot be easily reproduced • Berkshire's Charlie Munger was 'just as powerful' as Buffett • Remembering Charlie Munger's positions on crypto, China • How Charlie Munger found value investing success • How Buffett has prepped investors for a Berkshire without him...

Image source: Getty Images If you have a really long holiday gift list to tackle this year, I totally feel your pain. I love giving gifts to the people I love. At the same time, I don't particularly enjoy seeing my savings account balance plummet...

Amazon's AWS (AMZN) made a series of AI-related announcements at its annual re:Invent conference, including a new AI chatbot called Q and an expansion of their relationship with Nvidia (NVDA). The company also announced a series of new chips, including the AWS Graviton4 and AWS Trainium2. As AWS CEO Adam Selipsky tells Yahoo Finance's Allie Garfinkle in the video above, the chips are a part of the company's push to improve price performance, especially given that customer needs are growing. "These workloads, thees things that customers want to do aren't going to be economically feasible unless we keep on dramatically improving price performance," Selipsky says. Click here to watch the full interview on the Yahoo Finance YouTube page or you can watch this full episode of Yahoo Finance Live here...

Amazon (AMZN) collaborates with NVIDIA to enable customers to accelerate generative AI innovations with advanced supercomputing infrastructure...

(Bloomberg) -- Amazon.com Inc., playing catch-up in the hotly contested market for generative artificial intelligence, has developed a tool to help businesses create images.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterBond Yields Fall on Signs Fed Is in ‘Sweet Spot’: Markets WrapMusk’s Cybertruck Is Already a Production Nightmare for T...

LAS VEGAS, November 29, 2023--At AWS re:Invent, Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced Amazon Bedrock innovations that expand model choice and deliver powerful capabilities, making it easier for customers to build and scale generative artificial intelligence (AI) applications customized to their businesses. Amazon Bedrock is a fully managed service that offers easy access to a choice of industry-leading large language models and other foundat...

Shares of Amazon.com Inc. slipped 0.48% to $146.32 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow.....

Package theft causes $8 billion a year in losses. Advice from Amazon, Walmart, UPS and others...