3 of Warren Buffett's Biggest Billion-Dollar Blunders
Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO Warren Buffett is widely considered to be one of the greatest investors of our time. Since taking the helm at conglomerate Berkshire Hathaway, the Oracle of Omaha, as he's affably known, has led his company's stock to an annual average return of 20%. That might not sound all that impressive, but when done on an annual basis since 1964, it equates to a better than 2,800,000% return on investment.
Perhaps the craziest thing about Buffett's investing style is that he's not doing anything John and Jane Q. Investor couldn't themselves do...short of buying another company outright. He's made a living by focusing his research on a handful of sectors, purchasing businesses that he believes have sustainable competitive advantages, and, most importantly, holding those stakes for very long periods of time.
But one thing the Oracle of Omaha is not is perfect. Like all investors, Buffett has made his fair share of mistakes. In his case, some of these mistakes cost Berkshire Hathaway billions of dollars. Here are three of Warren Buffett's biggest billion-dollar blunders.
Source Fool.com
