Pursuits
Buffett Warts Revealed as Billionaire Prepares His Annual Letter
This article is for subscribers only.
Warren Buffett bought oil stocks near the peak of an energy boom, declined to spend $35 million on a growing television station and swapped a Berkshire Hathaway Inc. stake for a shoe company he later said was worthless.
In each case, shareholders of Omaha, Nebraska-based Berkshire were charged or deprived of at least $1 billion. And in each case, Buffett apologized in writing.