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Friday, 22 February 2019

Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge

Read?Warren Buffett's Berkshire Hathaway loses more than $3 billion in single day on Kraft Heinz plunge

Warren Buffett's Berkshire Hathaway is set to lose more than $3 billion in a single day after Kraft Heinz revealed a string of disappointing news.

Stock of the packaged food giant, whose products include Heinz Tomato Ketchup and Kraft Macaroni & Cheese, plunged more than 24 percent before the bell.

And for Berkshire — which owned more than 325 million shares at the end of 2018 — the losses will be steep.

"They're still very, very good businesses," Buffett said of his consumer staple holdings Kraft Heinz and Coca-Cola as recently as May 2018.


  1. Barclays just slashed Berkshire Hathaway's Q4 earnings by -50% as a result of Kraft Heinz & California wild fires.

    Large drop in Apple price also expected to hit Berkshire value.

    Buffett is expected to release his annual shareholder letter as well as FY2018 results on Saturday.

  2. Once money in the stock market, just watch lol.

    Then what to do next?

    H or S?

    Even more daring, B more lol

    Even WB go through the same above.

    Only he is so much better doing it than us.


    ETF or Index Funds? I'm

  3. Risks are very real in the market.

    Neither do we want to frighten of the thief at front door nor the devil at the back door so much so

    that we put all our money in the banks.

    Is it really so much different money in the bank compare to money investing in the bank?

    1. Put spare money in Bank Of CPF and starts withdrawing after 55 when necessary

    2. Ha!Ha!

      A little braver.

      Operate a CPFIS too for market crashed time.


      Me, i take more risks by investing in IPOs which not easily allotted U any shares at all.

      I mean easily oversubscribed many times by the public sector.

      Though nothing is guaranteed.

      Always buyer beware is applicable.

  4. In Singapore context only up to 50K of your money per account is insured in the bank if the bank go go bankrupt.

    I can't understand why so little compare to other countries?

    Is it because our banks are very much protected by MAS regulations that banks are not so easily bankrupted like example like banks in US?

    If it is, how efficiency and profitability of our banks compare to other countries?

  5. HA! HA!

    So 500K to a 1000K must be like what the TEO CHEW says, "Zi gen luan luan suk" liu.

    i suppose SSB is best now.

  6. Replies
    1. If any consolation now, it's WB said company is still a very very good business.

    2. Then wait out and scoop the bottom (hopefully).


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