No­table aNd News­wor­thy

Forbes - - LEADER BOARD -

buffett’s bad year

For 1999, War­ren buffett gave him­self a “D” for berk­shire hath­away’s re­sults. its port­fo­lio had per­formed ter­ri­bly, tak­ing berk­shire shares down in lock­step and wip­ing $8 bil­lion from buffett’s for­tune. berk­shire owned stal­warts like coca-cola and amer­i­can ex­press, stu­diously avoid­ing the com­pa­nies caught up in the end of the ini­tial dot-com era. the or­a­cle looked wiser than ever when the bub­ble burst: berk­shire hath­away gained 29% in 2000 while the Nas­daq lost 39%.

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