3 Stocks Warren Buffett Was Wrong About
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Though the Oracle of Omaha is widely considered to be the greatest investor of all time, even he managed to make a few mistakes. Here's a look at three of them.
Warren Buffett's decision to buy a large stake in multinational energy conglomerate ConocoPhillips (NYSE: COP) was not a mistake because he bought it, but rather that he bought the stock at the wrong price. The general idea was that Buffett was making a play for future energy prices, with many believing that oil prices would only increase over the long term. However, this did not play out.
Source Fool.com
