I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Monday 20 October 2014

Warren Buffett just lost $1B on this

Warren Buffett does not like to lose money in general, so losing $1 billion before lunch on a Monday morning can not be going down well.

The plunge in IBM shares Monday after its weak earnings results cost the Oracle of Omaha dearly.

The stock fell $15.05 at the open, and Buffett held about 70.2 million shares as of June 30, according to the most recent SEC filings.

That means the sharp decline cost him $1.06 billion—a drop in the Berkshire Hathaway bucket, to be sure, but still noteworthy.

In April, after a prior weak earnings report, Buffett told CNBC he had not "soured" on IBM, that he had bought more stock this year and that he had not sold a share.
The stock was recently the third-largest holding in Buffett's portfolio, trailing only Wells Fargo and Coca-Cola.

6 comments:

  1. How to feel good when you sit on paper losses?

    Quote this article.

    You see Warren Buffet also has paper losses!

    :-)

    ReplyDelete
  2. This goes to show, he is only human.

    Also a lesson for us all, do not be disheartened by our paper losses as even the Gurus having facing the same paper losses problems from time to time.

    ReplyDelete
  3. $1B paper lost for WB? Chicken lah.

    He has $50B cash on hand and ready to deploy when the tie is right. He said he is waiting for the Fat Ptich to swing.

    ReplyDelete
  4. Why Warren Buffett Keeps Buying IBM

    http://www.forbes.com/sites/gurufocus/2013/01/08/why-warren-buffett-keeps-buying-ibm/

    ReplyDelete
  5. Down $2.5B this week, IBM & Coke add to Buffett's woes

    ReplyDelete

Related Posts with Thumbnails