Matthew Palazola 3.4 1 idea

13F filings reveal Berkshire Hathaway built a new stake in The New York Times (NYT) while simultaneously cutting its Amazon (AMZN) position by 75%. Berkshire’s move into NYT suggests a value play on legacy media durability or cash flow, while the massive reduction in AMZN signals a belief that the capital is better deployed elsewhere (likely cash/T-bills given their $380B cash pile) or that AMZN is fully valued relative to growth prospects. Follow the "Smart Money" rotation: Long NYT, Trim/Short AMZN. These are lagging indicators (Q4 data); Berkshire may have already exited or adjusted further.