IBM and Coke represent two of Berkshire Hathaway’s three biggest investments, but their operational missteps have already cost Warren Buffet $2.52 billion this week.
On October 20, Warren Buffett lost nearly $1 billion on his third-largest investment, IBM, after the company posted disappointing earnings.
On October 21, Coca-Cola did the same thing, posting Q3 2014 revenue that fell short of expectations and warning of currency headwinds.
The losses in IBM and Coke add to a recent rough patch for Warren Buffett, who slashed Berkshire Hathaway’s stake in British grocer Tesco earlier this month.
Warren Buffet has described buying into the stock as a “huge mistake”.
However, Warren Buffett’s favorite bank, Wells Fargo, is up more than $816 million since Monday morning.
4p1_5bZ8I4MPresident Joe Biden has urged pro-Palestinian protesters on university campuses to uphold the rule of…
Blue Ivy Carter has joined the voice cast of The Lion King prequel Mufasa: The…
At least five people, including a four-month-old baby, have been killed after dozens of tornadoes…
Harvey Weinstein has been hospitalized just days after his 2020 rape conviction in New York…
Hamas has published a video showing the first proof of life of US and Israeli…
Prosecutors and Donald Trump’s attorneys delivered opening statements and the first witness was called on…