Warren Buffett is happy to admit his mistakes when he makes them-just don't remind him how much money he lost in the process. IBM and Coke represent two of Berkshire Hathaway's three biggest investments, but their operational missteps have already cost him $2.52 billion this week, when factoring in Wednesday's early declines. On Monday, Buffett lost nearly $1 billion on his third-largest investment, IBM, after the company posted disappointing earnings. The losses in IBM and Coke add to a recent rough patch for Buffett, who slashed Berkshire Hathaway's stake in British grocer Tesco earlier this month. http://yhoo.it/1xaPXa7 http://bit.ly/1fJ5yqZ
10/22/2014
Warren Buffett's Bad Week: $2.5B Lost On Two Stocks
Warren Buffett is happy to admit his mistakes when he makes them-just don't remind him how much money he lost in the process. IBM and Coke represent two of Berkshire Hathaway's three biggest investments, but their operational missteps have already cost him $2.52 billion this week, when factoring in Wednesday's early declines. On Monday, Buffett lost nearly $1 billion on his third-largest investment, IBM, after the company posted disappointing earnings. The losses in IBM and Coke add to a recent rough patch for Buffett, who slashed Berkshire Hathaway's stake in British grocer Tesco earlier this month. http://yhoo.it/1xaPXa7 http://bit.ly/1fJ5yqZ
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