Jakarta, CNBC Indonesia – World famous seasoned investor, Warren Buffett for the first time regretted the decision investation in a number of stocks recently. This is reflected in the statement delivered at the Annual General Meeting of Shareholders (RUPST) Berkshire Hathaway Inc.
On last Saturday (1/5/2021), CEO of the Berkshire Hathaway made several confessions ‘blatantly’ in front of inside shareholders RUPST Berkshire.
At that time Buffett deeply regret releasing several shares including shares of Apple Inc., shares of airlines, and some shares of health companies (healtcare).
“That may be a mistake,” said Buffett about his decision to sell part of the maker stock iPhone it was in the last year, reported Bloomberg, quoted on Tuesday (4/5/2021).
The move was also seen as a mistake by his business partner Charlie Munger. He has informed Buffett of his views “in a very ordinary way,” Buffett said at the virtual meeting.
Buffett, now 90 years old and still one of the richest men in the world, is no stranger to investing regret.
Part of his letter to Berkshire shareholders in February also specifically shed light on his “grave” mistake in investing more heavily in aircraft parts maker Precision Castparts.
But this year’s annual meeting was peppered with admissions for his missteps. In fact, his admission of regret came when the Berskhire business posted a strong quarterly milestone with revenue reaching the second highest level in the company’s performance data since 2010.
“Morning [Buffett] and Charlie always tried to admit their mistakes and face theirs. Buffett also keeps trying to remind us well that most of Berkshire’s money is well invested, “said James Armstrong, co-founder of Berkshire stock. Chairman Henry H. Armstrong Associates.
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