3 Stocks Warren Buffett Sold Way Too Early
Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) CEO Warren Buffett may be the greatest investor of our generation -- he did turn $10,000 in seed capital into $82 billion in net worth -- but he's not infallible.
Take, for example, Buffett's investment in U.K. grocer Tesco. As of 2012, Buffett owned 415 million shares of Tesco through Berkshire Hathaway. Although the Oracle of Omaha did wind up selling a portion of his company's Tesco position for a small profit, Buffett would ultimately take a $444 million bath on the investment, after taxes, following the admission from Tesco that it had overstated its profits.
Another blemish is Berkshire's existing investment in branded and generic drug developer Teva Pharmaceutical Industries. Even though the decision to buy Teva looks to have been made by one of Buffett's trusted investment managers, it doesn't hide the fact that Teva's share price is down more than 70% over the trailing year amid a flurry of problems, including opioid-related lawsuits that the company is facing from 44 U.S. states.
Source Fool.com
