Coke is one of the largest investments of Buffett. His company currently holds 400 million shares of great drinks. His son - Howard is the Board of Directors of the company. And best of themselves billionaires also love this company's products.
However, yesterday, his investment in Coke has a billion dollars evaporated when stocks fell 6% after reporting earnings do not meet expectations. Worse Coke predict the situation will not improve until the end of next year.
On Monday, shares of IBM also made billionaires lost $ 1.3 billion after it announced disappointing earnings and sales of semiconductor-hole array chip. This code has fallen 7% shortly thereafter and continued plunge yesterday. Together, IBM shares have fallen 13% this year. Buffett's company currently holds 70 million shares.
The wise Omaha area known for long-term investment strategy. But this year seems to be in terms of billionaires. Earlier this month, he acknowledged investment in UK supermarket chains - Tesco is a terrible mistake, when the company stock price lost 47% this year.
However, investors still believe Berkshire Hathaway. The company's shares still rose in the first two days of the week, and has risen 17% this year - the market average. In addition, IBM and Coke may be struggling, but the biggest investments of Buffett - Wells Fargo has appreciated 11%.
Despite market volatility, the billionaires are still active buyers. In an interview earlier this month, Buffett said he is "prepared to go." "Stocks as down, the more I want to buy," the billionaire said.
News source: http://www.xaluan.com/modules.php?
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