Reported 14 days ago
Warren Buffett's recent predictions about corporate tax rates have proven incorrect, leading to a significant financial loss for Berkshire Hathaway. Following Donald Trump's election victory, which solidified a low corporate tax rate, Buffett's strategy to sell substantial shares of Apple for tax purposes resulted in his company missing out on approximately $21.2 billion in potential gains. Despite Buffett's long history of successful investing, this miscalculation stands out as a costly mistake within his portfolio.
Source: YAHOO