W***n
发帖数: 11530 | 1 Warren Buffett loses $2 billion in two days
By Gregory Wallace @gregorywallace October 21, 2014: 6:30 PM ET
If you're having a bad week, consider that Warren Buffett has lost $2
billion and it's only Tuesday.
Buffett is known for shunning the quick buck and focusing on the long-term
performance of his investments. He'd best not change that this week.
His Berkshire Hathaway (BRKB) investment house holds big pieces of Coke and
IBM, both of which have taken a drubbing in the past two days.
He took a $1 billion hit on Coke (KO), which fizzled 6% on Tuesday after the
company reported earnings that didn't live up to expectations. Even worse,
Coke said it doesn't expect a much better 2015.
Coke is one of Buffett's largest investments. He holds 400 million shares
and his son Howard sits on the beverage company's board. And he likes the
products too. Buffett is often seen enjoying Cherry Coke.
Related: Battle of the billionaires: Warren Buffett vs. Jack Ma
The pain started on Monday for Buffett. IBM (IBM, Tech30), another top
holding, lost $1.3 billion as the stock plunged. The company is looking for
a reboot after reporting disappointing earnings and shedding its chip unit
at a major loss.
The stock dropped 7% on Monday after then news was announced and slid again
on Tuesday. It is off nearly 13% so far this year, and Buffett's company
holds over 70 million shares.
Buffett has made a lot of headlines this year for his misses. His investment
in British grocery chain Tesco (TSCDY) has also spoiled, dropping nearly 47
% this year.
But it's not all bad news for Berkshire.
Investors are sticking with their icon. Berkshire stock climbed slightly on
Monday and Tuesday, and is up more than 17% this year -- far outpacing the
broader market.
IBM and Coke may be struggling, but Buffett's largest position, Wells Fargo,
has climbed 11% this year.
And despite the recent market dip, Buffett has been buying. He said in an
interview earlier this month that he was shopping, adding, "the more stocks
go down, the more I like to buy." | W***n
发帖数: 11530 | 2 But, he still beats handsomely YTD the broad market
he's till a genius
hahaha |
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