PERSONAL FINANCE Warren Buffett loses $2 billio
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PERSONAL FINANCE
Warren Buffett loses $2 billion in two days after stocks take a hit
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In this file photo from May 5, 2014, Berkshire Hathaway Chairman and CEO Warren Buffett laughs in Omaha, Neb. (AP Photo/Nati Harnik)
KGO
Wednesday, October 22, 2014 02:55PM
NEW YORK (KGO) --
Warren Buffett, arguably one of the world's most successful stock pickers, is out $2 billion Wednesday morning.
His Berkshire Hathaway holds large chunks of Coca-Cola and IBM, both of which took a hit after reporting weak earnings this week.
That amounted to a $2 billion loss in just two days for Buffett, which may sound like a lot but is actually pocket change considering his $68 billion net worth.
NASDAQ DIP and RIP
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Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
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Alway's searching for winners'