Loses $1billion on IBM stock
Billionaire investor Buffett loses 1 billion on IBM stock as the stock plummets 15.05 at the start. IBM is Buffett’s third largest stock holding behind only Wells Fargo and Coca-Cola. IBM CEO Ginni Rommety denies rumors of the company splitting up.
There is no doubt that marketplace speed has increased. We have a very clear strategy about how to take this company to the future.
Fortune interview
Buffett claims that ‘eating like a six-year old’ keeps him young in an interview in Fortune. Buffett discusses his diet which includes drinking five Coca-Colas a day and eating Utz potato sticks or chocolate chip ice cream for breakfast.
I checked the actuarial tables, and the lowest death rate is among six-year-olds. So I decided to eat like a six-year-old. It’s the safest course I can take.