Warren Buffett’s Forecast Proved Incorrect — and It’s Cost Him $21 Billion Over the Last Year

From Nasdaq: 2024-11-10 05:06:00

Warren Buffett’s investment success at Berkshire Hathaway has been extraordinary, with Class A shares seeing a return of over 5,580,000% since the mid-1960s. Investors eagerly await Berkshire’s Form 13F filings to track Buffett’s stock moves, despite occasional missteps like missing out on gains in Disney and Paramount Global.

President-Elect Donald Trump’s victory led to stock market gains, but concerns linger about his approach to national debt and tariffs. Trump’s proposal to impose tariffs on imports could impact trade relations and consumer prices. However, the corporate income tax rate is expected to remain low, benefiting businesses.

Warren Buffett’s forecast of a higher corporate tax rate proved incorrect after Trump’s win, costing Berkshire Hathaway billions in missed gains. Buffett’s decision to sell part of Berkshire’s Apple stake for tax reasons has been questioned, as Apple’s stock has continued to rise despite sales concerns.

For investors seeking growth opportunities, analysts sometimes issue “Double Down” stock recommendations. These picks have historically delivered significant returns, such as substantial gains in Amazon, Apple, and Netflix over the years. Now could be the time to consider these opportunities before they soar further.



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