Notable aNd Newsworthy
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%.