Warren Buffett Passed on This Stock for Over 7 Years. Greg Abel May Not Wait Any Longer.
MercadoLibre is a fit for Berkshire Hathaway on several levels.
Overview
The investment thinking of Berkshire Hathaway may have changed over seven years ago in early 2019, when one of Warren Buffett's lieutenants bought shares in Amazon. Buffett called himself an "idiot" for not buying this stock years earlier.
However, Berkshire soured on the stock as capital expenditures (capex) surged, and the company sold the last of its Amazon shares in the first quarter of 2026.
Details
Fortunately, a similar company fits this philosophy without the need for massive capex. Knowing that, Buffett's successor, Greg Abel, could decide that MercadoLibre (NASDAQ: MELI) is a "Berkshire-worthy" stock. Here's why.
Source
Originally published at www.fool.com.
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