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Buffett Praises Amazon's Jeff Bezos, Offers Optimism For America

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Buffett Praises Amazon's Jeff Bezos, Offers Optimism For America by The New York Times

NEW YORK — Warren Buffett, the world's third-richest person, on Tuesday offered strong praise for Jeff Bezos, the fourth-richest, saying he embodies the potential that can blossom when small business owners build their companies.

Speaking at a panel discussion in Long Island City, New York on the state of small business in America, Buffett called Bezos, the chief executive of retailer Amazon.com Inc, a "classic example" of how business owners can succeed by focusing not just on satisfying their customers, but delighting them.

"Twenty years ago he had a very, very, very small business," but Bezos today is still "thinking about...

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