#FindOutFriday: Warren Buffett's Worst Investment Ever

#FindOutFriday: Warren Buffett’s Worst Investment Ever

Warren Buffett believes that the worst investment he ever made was buying Dexter Shoes in 1993 which resulted in a loss of $3.5 billion to Berkshire shareholders. In his letter to the shareholders, he quoted a line from country singer Bobby Bare to explain his feelings on the failed acquisition:

I’ve never gone to bed with an ugly woman, but I’ve sure woke up with a few.

Also read: #FindOutFriday: Benjamin Graham – The Greatest American Investor

About kredx


KredX is an invoice discounting marketplace connecting high growth businesses in need of quick working capital with investors looking to grow their money at minimal risk in a short tenure.

Leave a Reply

Your email address will not be published. Required fields are marked *