CNBC: Buffett Said Frankly That Buying Berkshire Is A Big Mistake.
Early in the morning of October 19th, Beijing time.
CNBC
Headlines
Buffett
Say frankly
Buying Berkshire
It's a big mistake worth up to 200 billion dollars.
On Monday, Buffett answered CNBC's famous host, Becky Quick, who asked the world's most successful investor in the Squawk Box program about "what's the biggest mistake she thought was committed?" frankly, "in the investment he made,"
Most stupid
The decision was to buy shares in Berkhire Hathaway Inc.
Buffett said his decision to buy Berkshire Hathaway, who was then a bankrupt textile company in 1964, was a big mistake of "$200 billion".
Buffett told Becky that the value of the company he invested in has reached two times that of the original. If he bought Berkshire Hathaway but a well performing insurance company, its value might have reached $400 billion.
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