(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)
THE UNTOLD TRUTH IS FINALLY OUT. The so-called “Oracle of Omaha,” Warren Buffett, is confessing to a financial BLUNDER of MIND-BOGGLING proportions on his way out the CEO door. The $1 TRILLION Berkshire Hathaway empire was built on a foundation of PETTY REVENGE and a MASSIVE, $200 BILLION ERROR IN JUDGMENT.
In a LEAKED archival clip, Buffett admits his ENTIRE LEGACY stems from a childish tantrum. After being short-changed by a mere EIGHTH of a point on a 1964 tender offer, a FURIOUS Buffett launched a hostile takeover just to FIRE the executive who slighted him. What followed was a DECADE-SPANNING CATASTROPHE. “I committed a major amount of money to a terrible business,” Buffett confesses. He calls Berkshire the “DUMBEST STOCK I EVER BOUGHT,” an “ANCHOR” that dragged down performance FOR TWENTY YEARS. The stunning admission: had he not acted out of SPITE, Berkshire would be worth TWICE what it is today—meaning Buffett PERSONALLY cost shareholders HUNDREDS OF BILLIONS of dollars.
This isn’t wise reflection; it’s a SHATTERING exposé of a reckless ego. The “Sage” of investing admits he IGNORED his own partner’s advice and clung stubbornly to a failing textile mill, wasting precious capital in a “LOUSY” business out of pure pride. His supposed GENIUS was a myth, propped up only when he finally stumbled into good businesses. The system is RIGGED by flawed titans, and this is the ultimate proof. The greatest wealth creator of our time ADMITS his fortune is a monument to his most expensive, most arrogant mistake. This is the real lesson they’ll never teach you in business school.
Author: Kayitsi.com
