Losing $1 Billion In A Day

It couldn’t happen to a bigger pr*ck. It’s actually better. Good old Warren has lost $2.1 billion in this investment since April. Poor guy. I’m sure CNBC will roll out the doddering old fool to be interviewed by his designated soft ball pitcher – Becky “not so” Quick so he can pump up the stock with some gibberish. This guy is the ultimate crony capitalist sellout. They rolled him out last week to try and stop the market meltdown. The only joy I’d have from an 80% stock market collapse would be seeing this pompous *sshole lose most of his fortune and be discredited as nothing but a shill.

Warren Buffett losing over $1 billion on IBM

By Tomi Kilgore

Published: Oct 20, 2014 7:41 a.m. ET

NEW YORK (MarketWatch) — Billionaire investor Warren Buffett is on course to lose over $1 billion on IBM shares IBM, -7.41% Monday, after the technology company reported disappointing third-quarter results and said it would transfer its semiconductor operations to Globalfoundries Inc. Buffett’s Berkshire Hathaway BRK.B, -0.14% is IBM’s largest shareholder, with 70,173,978 shares as of the latest regulator filings, according to FactSet. With IBM’s stock down $15.05, or 8.3%, in premarket trade, that translates to a loss of $1,056,118,369 for Buffett. Berkshire’s shares were down 0.1% ahead of the open.

Disclosure: None.

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