Billionaire Buffett Says Tesco Investment Was ‘A Huge Mistake’
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Billionaire investor Warren Buffett said his investment in Tesco Plc was a “huge mistake,” as the U.K. supermarket leader’s share price remains close to an 11-year low amid declining sales and an accounting probe.
“I made a mistake on that one,” Buffett, 84, said in an interview with CNBC today. “That was a huge mistake by me.”