2 of Warren Buffett's Biggest Swings and Misses Share a Common Theme
When the Oracle of Omaha wasn't patient, he paid dearly for it.
Overview
On Dec. 31, arguably the greatest investor of our generation, Warren Buffett, hung up his work coat for the final time as CEO of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB). During his more than half-century as CEO, he led Berkshire's Class A shares (BRKA) to a nearly 6,100,000% return, earning him the "Oracle of Omaha" nickname.
But Warren Buffett was fallible. Although he's affably remembered for his first rule of investing, "don't lose money," he had his fair share of investing foul-ups as Berkshire's boss. However, none of his swings and misses have arguably been as sizable as with Apple (NASDAQ: AAPL) and Walt Disney (NYSE: DIS).
Warren Buffett retired as Berkshire's CEO on Dec. 31. Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.