Warren Buffett’s latest letter: Multibillion-dollar ‘mistake’, bond investors’ bleak future, other key takeaways

Warren Buffett said he made a mistake in buying Precision Castparts Corp, which makes equipment for the aerospace and energy sectors, in 2016. The company had to write down nearly $11 billion, which was mostly tied to that purchase, as the pandemic hit the aviation sector badly.

from The Financial Express https://ift.tt/3pXrdn7
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