Warren Buffett Sells More Wal-Mart Stock

Berkshire Hathaway’s position in Wal-Mart (WMT) stock, which hit a high of 60 million shares at the end of 2014, has been slashed to 13 million shares as of Berkshire’s most recent quarterly filing.

Although he has not connected the dots explicitly, Warren Buffett’s sale seems to suggest that he believes Amazon is going to crush Wal-Mart’s moat and eat into its profits over the coming years.

The basis for my opinion is that Warren Buffett has long been obsessed with competition in the retail landscape.

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