Would you hate to lose a billion dollars - before lunch?

minkbunny · ‎03-09-2010

Luckily, he has plenty more. Smile

Warren Buffett does not like to lose ||||in general, so losing $1 billion before lunch on a Monday morning can not be going down well.

The plunge in IBM (IBM)shares Monday after its weak earnings results cost the Oracle of Omaha dearly. The stock fell $15.05 at the open, and Buffett held about 70.2 million shares as of June 30, according to the most recent SEC filings.

That means the sharp decline cost him $1.06 billion—a drop in the Berkshire Hathaway (BRK.A) bucket, to be sure, but still noteworthy.

The stock was recently the third-largest holding in Buffett's portfolio, trailing only Wells Fargo (WFC) and Coca-Cola (KO).

NChgOfMyAttitude · ‎03-10-2010

Poor guy. Should we all send a dollar and help him out! LOL

Preds · ‎12-17-2012

Another little thing I won't have to worry about!

Fate whispers to her, "You cannot withstand the storm." She whispers back, "I am the storm."

minkbunny · ‎03-09-2010

I feel so free somehow - my biggest worry was which 21gm protein bar to choose - peanut butter or chocolate.

(went with peanut butter).

DoneTryin · ‎03-09-2010

On 10/20/2014 Preds said:
Another little thing I won't have to worry about!

Yeah, me too! Though I am very annoyed that the market downturn has been bruising my retirement investments. Arrrrgggghhhh! ${#emotions_dlg.mad}$

reese2 · ‎03-10-2010

On 10/20/2014 minkbunny said:

I feel so free somehow - my biggest worry was which 21gm protein bar to choose - peanut butter or chocolate.

(went with peanut butter).

Good choice!

RoughDraft · ‎03-09-2010

When I had breakfast with him last week, I tried to explain why he should diversify. Did he listen? Nooooo. ${#emotions_dlg.laugh}$

~The only difference between this place and the Titanic is that the Titanic had a band.~

Preds · ‎12-17-2012

On 10/20/2014 VCamp2748 said:
On 10/20/2014 Preds said:
Another little thing I won't have to worry about!

Yeah, me too! Though I am very annoyed that the market downturn has been bruising my retirement investments. Arrrrgggghhhh! ${#emotions_dlg.mad}$

Hoping for a big rebound before we get there! ${#emotions_dlg.thumbup}$

Fate whispers to her, "You cannot withstand the storm." She whispers back, "I am the storm."

minkbunny · ‎03-09-2010

On 10/20/2014 RoughDraft said:
When I had breakfast with him last week, I tried to explain why he should diversify. Did he listen? Nooooo. ${#emotions_dlg.laugh}$

And just think, if he took our advice - he would have been somebody.

BUT N0000000000000000. ${#emotions_dlg.rolleyes}$