In a CNBC “Squawk Box” interview, the Oracle of Omaha expressed admiration for Amazon’s founder, whose genius at making people happy through pricing and logistical prowess has driven the company’s stock up 44,000 percent since 1997. Buffett’s takeaway: challenging Bezos at his own game is a losing proposition.
“Amazon founder and CEO Jeff Bezos received high praise from another business titan on Monday: Warren Buffett. “We haven’t seen many businessmen like him,” Berkshire Hathaway’s chairman and CEO told CNBC’s ‘Squawk Box.'”