Monday May Have Been Warren Buffett's Worst Day Ever
No doubt, Warren Buffett is one of the greatest investors of all time. However, that doesn't mean he doesn't make mistakes. Specifically, some have been critical of Buffett's lack of aggression during the past 11-year bull market, piling up $125 billion in cash on the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) balance sheet as stocks have soared. However, the recent market plunge is making Buffett's conservatism look very wise indeed.
On the other hand, when you look at what Buffett already owns, unfortunately for Berkshire shareholders, Buffett is concentrated in some of the hardest-hit sectors of the entire market, not only on Monday, but over the past two weeks.
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Source Fool.com