Berkshire Was Worst Investment, Buffett Tells CNBC

Warren Buffett, who amassed the world’s third-biggest personal fortune through decades of stock picks and takeovers, told CNBC his worst investment was the textile mill that gave its name to Berkshire Hathaway Inc.

The worst stock he “ever bought was, drum roll here, Berkshire Hathaway,” Buffett, Berkshire’s 80-year-old chairman and chief executive officer, said in an interview broadcast today on the business-news channel. Buffett had “committed a major amount of money to a terrible business.”