Billionaire Warren Buffett Scoffed at an Investment in 2018 That Has Since Skyrocketed 877%. Will the Oracle of Omaha Eventually Be Right or Will It Go Down as a Major Mistake?

It's easy to understand why Warren Buffett is one of the greatest investors ever. His company Berkshire Hathaway has delivered outstanding returns for shareholders since Buffett took over the company in 1965. The stock delivered gains of 4,384,748% between 1965 and 2023, which equates to a compound annual return of 19.8%. The broader benchmark S&P 500 has delivered a very respectable 31,223% including dividends for a compound annual gain of 10.2%.However, nobody, including Buffett, is perfect, and Buffett has acknowledged his investing mistakes before. For instance, Buffett in 2019 admitted to CNBC that Berkshire paid too much when it acquired Kraft, which it would merge with Heinz in 2015 to create Kraft Heinz.In 2018, Buffett publicly scoffed at a new kind of investment that has since generated superb returns. Will the Oracle of Omaha eventually be right or could it go down as a major missed opportunity?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool