The Staggering Amount of Money Buffett's 10 Largest Investments Lost Last Week
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is one of the most successful investors of our generation, and he's witnessed quite a bit over his many decades as an investor. Just since the beginning of 1950, Buffett has navigated his way through 37 stock market corrections of at least 10% (not rounded), and he's about to contend with No. 38.
This past week, the three major U.S. indexes logged their worst single-week performance since October 2008. When the dust settled, the iconic Dow Jones Industrial Average, tech-heavy Nasdaq Composite, and broad-based S&P 500, tumbled by 12.4%, 10.5%, and 11.5%, respectively. These declines were all on the heels of growing concern surrounding COVID-19, the lung-focused novel coronavirus that's killed more than 2,900 people worldwide and infected over 85,000 people, as of Feb. 29.
As you can imagine, not even the most revered investors were spared from the stock market downdraft last week, with the Oracle of Omaha taking his fair share of "lumps."
Source Fool.com
