Warren Buffett Said His 'Gruesome' Investment Mistake Deserves A Spot In 'Guinness World Records' As One Of The Biggest Financial Disasters — This Bad Buy Cost $14.3 Billion
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Warren Buffett, the billionaire investor and CEO of Berkshire Hathaway Inc., acknowledged one of his biggest financial blunders in buying Dexter Shoe Co. in 1993. Dexter, a Maine-based shoemaker, was initially perceived as a thriving business. Buffett remarked in his 2014 letter to shareholders that he had made many mistakes but one stood out as being particularly bad. Buffett wrote, “Even with Charlie's blueprint, I have made plenty of mistakes since Waumbec. The most gruesome was Dexter Shoe.
Before I bought my first guitar, Bobby Bare did a tune: “Buy you a guitar and put it in tune, you’ll be rockin’ and a-rollin’ soon. Impressin’ the girls, hittin’ hot licks and all that jazz.’’
The folk maestro’s latest record, Nothing But Green Willow, is a beautiful collection of songs from the Appalachian Mountains. Here he tells us how he breathed new life into them
From our Music Appreciation file, a tale from Michael Bradley, of New Orleans: