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by tim333 2948 days ago
Probably not huge losses. The author here estimates he was up 5%. The shares fell but paid dividends. https://www.gurufocus.com/news/651725/how-much-did-warren-bu...
1 comments

A 5% gain including dividends from 2011-2017 is a pretty bad showing. The market literally doubled on average in that timeframe.
BRK.A has more than doubled in that time frame, so as an overall portfolio strategy, they are doing well.
That doesn't mean they haven't made bad plays, and we can't talk about one of them. This was one. Lets not pretend it wasn't.
If IBM is his biggest mistake, it’s a other testament to his skill.
“Berkshire’s after-tax loss from this investment was ... one-fifth of 1% of Berkshire’s net worth