Even The Best Make Mistakes

| March 03, 2019
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After my entry on Berkshire Hathaway, I wanted to point out that even the best investors make mistakes.

In fact, the best investors typically hit on 65% of their stock ideas. Anything above that over a full market cycle may be illegal!

For Warren Buffett it is Kraft Heinz.

  • Kraft Heinz after reporting quarterly results two weeks ago.
  • The company disclosed it had received a subpoena from the Securities and Exchange Commission related to its accounting practices.
  • It also revealed a $15 billion charge related to the value of its Kraft and Oscar Mayer trademarks.
  • Warren Buffett’s Berkshire Hathaway is a major shareholder in the company; as of December 31 it owned nearly 326 million shares, or a 26.71% stake worth $15.4 billion before the plunge.
  • Berkshire most likely lost about $3.9 billion as the stock plunged to a record low.

Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O

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