What were some of Buffett's FAILED investments??
Answers
676 points
RobSmith answered one year ago …
Interestingly enough, Berkshire Hathaway itself was a failed investment. Granted it's got a monster market cap now and its the primary vehicle Buffett uses to make all of his investments, the original Berkshire Hathaway investment Buffett made was in an entirely different company. Berkshire was originally a textile company in Boston. Buffett really thought it was a good investment and he'd be able to turn the company around.
Things didn't quite work out and ultimately they shuttered the textile business. But Buffett ended up keeping the public shell to acquire other companies with.
989 points
rvilmur answered one year ago …
U. S. Airways was a completely failed investment for Warren Buffet. If took him several years before he dumped it when he finally realized that is was not possible to make money in the airline industry because costs can't be controlled and competition holds down ticket prices.
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127 points
Wantitbad answered one year ago …
One of the great buffet reads are the yearly shareholder letters located at (http://www.berkshirehathaway.com/letters/letters.html). He tells you exactly where he has failed and why. A great read and a good insight into an investing genius.
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