ARE YOU following Buffet's decision on stock? If so, it may be time to move it. WHEN WARREN BUFFET MOVES MONEY - People pay attention ====
Warren Buffett's Berkshire Hathaway has sold off $900 million of Walmart stock, choosing instead to invest billions in airlines.
The sale, which leaves Buffett with nearly no shares in Walmart, comes as the US's largest traditional retailer has been rushing to catch up to Amazon and other online competitors.
Amazon's market value is now $356 billion, compared with Walmart's $298 billion. Last year, Buffett acknowledged that traditional brick-and-mortar retailers were struggling in the face of competition from the e-commerce giant.
"It is a big, big force, and it has already disrupted plenty of people, and it will disrupt more," Buffett said at his annual shareholders' meeting in 2016, according to Bloomberg. (by Ashley Lutz)