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99.99999999 percent of the world will never have this problem, but I can imagine it is a shitty problem to have.
Warren Buffett, one of America’s wealthiest investors, is having a really terrible go of it this week. Earning reports released by IBM Monday cost the Nebraska-based billionaire $1 billion. On Tuesday, Coca-Cola announced its third quarter revenue, and bam–just like that, Buffett was down another billion.
In fact, since I’ve been at work today, Buffett has lost another $500 million and I haven’t even finished my third bacon, egg, and cheese breakfast taco. That sucks. Luckily for Buffett, he has a lot of other billions to supplement the ones that disappeared this week.
I don’t think Warren is going to have to resort to ramen noodles or Kraft macaroni and cheese, but he should probably eat a couple meals at home this week.
It’s been a tough couple of weeks for Buffett.
The losses in IBM and Coke add to a recent rough patch for Buffett, who slashed Berkshire Hathaway’s stake in British grocer Tesco earlier this month. He has described buying into the stock as a “huge mistake.”
It hasn’t been all bad news for Buffett this week. His favorite bank investment, Wells Fargo, is up $816 million since Monday.
Meanwhile, the $300 I attempted to invest into Fleshlight should start paying dividends soon. I just know it.
Image via @CNNMoney