Buffett is known for identifying stocks before they peak and making the most of their upside. While investors shouldn't blindly follow his moves, it can be interesting to see what he's betting on. Warren Buffett made an interesting last move in the fourth quarter before retiring. He sold Amazon.com Inc. (NASDAQ: AMZN | AMZN Price Prediction) and invested in the New York Times Company (NYSE:NYT).
That agreement required Musk to grow Tesla's market value from around $60 billion to $650 billion, its 12-month revenue from below $20 billion to $175 billion, and its adjusted profits from under $1.5 billion to $14 billion to get the full compensation. Schiffer recalled the deal was labeled "insane" and "crazy," with commentators declaring there was "no way in hell he'll ever achieve that." "And you know what, he did," Schiffer added.