Warren Buffett’s Biggest Investing Mistake of 2015
Peter J. Creedon, CEO of registered investment advisory firm Crystal Brook Advisors, sums up Warren Buffett’s 2015 mistake:
“To make a mistake just proves he is human. But did Buffett make a mistake with IBM? Buffett/Berkshire Hathaway are prudent long-term investors. He and his team see some qualities of management, market position or other fundamentals that if refined or redefined in a better way, can contribute to a more successful company and ultimately Berkshire’s bottom line. Some turnarounds take longer than others, but long-term investors need more than a few quarters to effect real change. Time will tell.”
