15 Minutes Could Lose You $750 Million Or More

15 Minutes Could Lose You $750 Million Or More

Warren Buffett bought more stock for his hedge fund and logged a massive paper loss during the third quarter, according to earnings released on Saturday. I wrote the exact same opening line last quarter while documenting results from Berkshire which, of course, isn't really a hedge fund. It just looks like one to some people, sometimes. A hedge fund built atop a giant insurance float. Buffett loves the insurance business, but it was a drag again last quarter, particularly at GEICO. "15 minutes
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