More Folksy Schtick from Buffett

I don’t care what anyone says about his ability to “generate alpha” or his contradictory positions on derivatives (do as I say, not as I do), I still love Warren Buffett.

His folksy schtick is still hilarious, even if he is Goldman’s loan shark.   And he was great in that Pixar movie with all the balloons tied to the house.

Here’s what he said on CNBC today in response to a question about his biggest investment mistake (via Yahoo):

Warren Buffett says Berkshire Hathaway is the “dumbest” stock he ever bought.

He calls his 1964 decision to buy the textile company a $200 billion dollar blunder, sparked by a spiteful urge to retaliate against the CEO who tried to “chisel” Buffett out of an eighth of a point on a tender deal.

Buffett tells the story in response to a question from CNBC’s Becky Quick for a Squawk Box series on the biggest self-admitted mistakes by some of the world’s most successful investors.

Buffett tells Becky that his holding company (presumably with a different name) would be “worth twice as much as it is now” – another $200 billion – if he had bought a good insurance company instead of dumping so much money into the dying textile business.

Ho, ho, ho, click over to read the rest (if you need to)…Warren is still the master when it comes to maintaining his image, not just investing.


Warren Buffett: Buying Berkshire was $200 Billion Blunder (Yahoo Finance)

What's been said:

Discussions found on the web
  1. Bitcoin Evolution Review commented on Sep 23

    … [Trackback]

    […] Here you will find 57266 more Info to that Topic: […]

  2. Smith and Wesson Guns for Sale commented on Oct 14

    … [Trackback]

    […] Find More Information here on that Topic: […]

  3. https // 2021 commented on Nov 14

    … [Trackback]

    […] Find More Information here to that Topic: […]

  4. site to buy dumps with pin commented on Nov 16

    … [Trackback]

    […] Find More on to that Topic: […]

  5. 토토 commented on Dec 12

    … [Trackback]

    […] Here you can find 66540 additional Info on that Topic: […]

  6. replica rolex brands commented on Dec 17

    … [Trackback]

    […] Here you will find 39524 more Info to that Topic: […]

  7. 토렌트사이트 commented on Dec 19

    … [Trackback]

    […] Find More on on that Topic: […]

  8. td canada trust login commented on Dec 20

    … [Trackback]

    […] Here you will find 14934 additional Information to that Topic: […]

  9. replica rolex commented on Jan 01

    … [Trackback]

    […] Find More here to that Topic: […]

  10. commented on Jan 03

    … [Trackback]

    […] Information to that Topic: […]

  11. replique rolex commented on Jan 22

    … [Trackback]

    […] Info to that Topic: […]

  12. Bildemontering Trollhättan commented on Jan 24

    … [Trackback]

    […] Find More here to that Topic: […]