Warren Buffett admits ‘mistake’ cost Berkshire Hathaway $11 billion
over 4 years in NY Post
Even oracles make mistakes. Berkshire Hathaway earned $42.5 billion in 2020, but on Saturday, CEO Warren Buffett admitted the conglomerate’s results for the year included a rare “mistake” — that cost the company $11 billion. The Oracle of Omaha said in his annual letter to shareholders that his 2016 purchase of the company Precision Castparts...
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