2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP443: Buffett's Biggest Blunders w/ David Kass

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Buffet's Biggest Mistake

In 19 93, buffet bought a shoe company called dexter shoes. And in his two thousand eight annual letter, buffet claims that this investment was the worst he ever made. He invested 433 million dollars in dex te shoe in 19 93 and went to zero. His mistake though, was not paying 433 million in cash. His mistake was in paying in berkshire stock, 25 thousand 203 shares of berkshireStock,. In two thousand 22 to day, it's valued at 13 billion dollars. It's a 13 billion dollar loss. A phenomenal mistake. So interesting are.

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