ead? The truth about Warren Buffett’s investment track record : Morning Brief
Great stock pickers pick a lot of losers
And just because Buffett may be one of the greatest stock pickers in history doesn't mean all of his stock picks have been winners over time.
Just a quick glance at Berkshire's current top 15 stock investments reveals plenty of positions that are held below cost (i.e. they've lost money).
It's not hard to find times Buffett lost money on a trade or missed out on a big opportunity. Just a year ago, Berkshire dumped airline stocks near their lows just before they roared back along with the other reopening trades.
But a successful investor shouldn’t be judged by his or her mistakes. Rather, they should be judged by the degree to which they are able to achieve their long-term goals.
This goes for all investors who will repeatedly...