Even Buffett makes mistakes

In 1998, as the Internet boom raged, Bloomberg asked Warren Buffett whether he would ever join the party. ‘The answer is no’, he replied, because he didn’t ‘know what that world will look like in 10 years’. So it came as a shock when he invested in IBM in 2011, eventually building his stake to over 70m shares. Following IBM’s announcement on Monday that it was struggling to adapt to the rise of cloud computing, Buffett’s shareholding is now under water. While it’s still early days for Buffett’s investment, the situation offers some great lessons. First, even the best investors...

In 1998, as the Internet boom raged, Bloomberg asked Warren Buffett whether he would ever join the party. ‘The answer is no’, he replied, because he didn’t ‘know what that world will look like in 10 years’.

So it came as a shock when he invested in IBM in 2011, eventually building his stake to over 70m shares.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles