On this show we've talked a lot about Warren Buffett's investment successes. In this episode I'm doing something a little different - we'll discuss his biggest investment blunder. This episode covers the story of the Dexter Shoe purchase. Buffett had high hopes and the investment seemed to be paying off ...before disaster struck. Check out the episode for the full story and key takeaways from it.

Sources:

https://markets.businessinsider.com/news/stocks/warren-buffett-most-gruesome-mistake-dexter-shoe-9-billion-error-2020-1-1028827359

https://www.berkshirehathaway.com/letters/1993.html

https://www.berkshirehathaway.com/letters/2000pdf.pdf

https://www.berkshirehathaway.com/letters/2014ltr.pdf

https://www.berkshirehathaway.com/letters/2007ltr.pdf

https://www.berkshirehathaway.com/letters/2015ltr.pdf

https://www.berkshirehathaway.com/letters/2002pdf.pdf

https://www.berkshirehathaway.com/letters/2001pdf.pdf

https://www.npr.org/2018/07/26/632848414/when-oracles-err

https://www.celebritynetworth.com/articles/entertainment-articles/harold-alfond-turned-1000-3-5-billion-worth-warren-buffetts-berkshire-hathaway-stock/

https://www.nextgenforme.com/grants-for-maine-residents/alfond-grant/

Disclaimer:

This podcast is for informational purposes only and should not be relied upon as the basis for investment decisions. I may maintain positions in the securities discussed on this podcast.