It’s been a rough earnings season for Warren Buffett thus far.
Buffett lost almost $1 billion on Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B)’s third largest investment, International Business Machines Corp. (NYSE:IBM), after the firm’s financial engineering caught up with them, as New York Time’s Dealbook’s Andrew Ross Sorkin noted. “All these 'shareholder friendly' maneuvers have been masking an ugly truth: IBM’s success in recent years has been tied more to financial engineering than actual performance,” he writes.
But IBM isn’t the only problem for Buffett ,and neither is Tesco.
Warren Buffett takes another hit as Coca-Cola disappoints with earnigns
The Coca-Cola Company (NYSE:KO)’s earnings, Setup a free account to get access to this article (no credit card required).Login required to continue reading.
