#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

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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.

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