Anthony Scaramucci Says 26 Years Ago Warren Buffett's Amazon Caution Cost Him Millions: Former Trump Official Sees Today's AI Hype As History Repeating

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Despite Amazon being considered “overpriced” at the time and a likely casualty of the dotcom bubble, Bezos laid out a strategic roadmap, explaining how selling books would help the company reverse-engineer the location of warehouses.“I listened to the whole thing wrote copious notes,” he said, adding that he was poised to buy in.

Last month, Anthony Scaramucci took to social media and shared a video in which he revealed how Warren Buffett's caution in 1999 cost him millions in Amazon.com, Inc.(NASDAQ:AMZN) stock and how he believes today's AI hype is following a similar path of skepticism and missed opportunity.

What Happened: In the video, the former Trump White House communications director and investor opened up about a 1999 encounter with Amazon founder Jeff Bezos, which set the stage for one of the most infamous missed opportunities in investing.

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: AMZN Stories That Matter Benzinga neuro KeyProj Jeff Bezos Benzinga Tech Warren Buffett People In Tech News Anthony Scaramucci US0231351067 Consumer Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 01:28:59 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 708 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27766480

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