And what to talk about the recent bloopers (and big ones at that) in his investment decisions.

ZEE BUSINESS BEST B SCHOOL SURVEY

The oracle is numbing

Let’s talk numbers now. Since February 2008, due to his own accepted thumb-sucking wrong investment decisions, Buffett’s personal wealth has plummeted by a ghost-summoning 45.7% to just $38.34 billion today! Berkshire Hathaway’s Class A shares have not been spared the hot iron rod either, having fallen by a neat 30% in just the past 2 years to touch $75,000 per share as on March 5, 2009. And what to talk about the recent bloopers (and big ones at that) in his investment decisions. As B&E had reported much before, not many would have realised that the company had already begun 2008 with an unrealised $1.67 billion loss on its derivative contracts, and expectably further lost on the same. These derivatives, which are directly linked to overall markets and the credit health of companies, worsened further in Q3, 2008 and spelled disaster for Berkshire, thus leaving behind a mammoth loss of $2.21 billion.


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Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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