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10-20-2014 11:37 AM
Luckily, he has plenty more.
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).
10-20-2014 12:02 PM
Poor guy. Should we all send a dollar and help him out! LOL
10-20-2014 12:07 PM
Another little thing I won't have to worry about!
10-20-2014 12:08 PM
I feel so free somehow - my biggest worry was which 21gm protein bar to choose - peanut butter or chocolate.
(went with peanut butter).
10-20-2014 01:07 PM
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!
10-20-2014 02:37 PM
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!
10-20-2014 02:42 PM
When I had breakfast with him last week, I tried to explain why he should diversify. Did he listen? Nooooo.
10-20-2014 02:42 PM
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!
Hoping for a big rebound before we get there!
10-20-2014 02:51 PM
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.
And just think, if he took our advice - he would have been somebody.
BUT N0000000000000000.
10-20-2014 02:58 PM
I guess I'll be standing behind him in the welfare line.
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