Why Buying Berkshire Was Warren Buffett’s Biggest Mistake

Warren Buffett is going into his last week as CEO of Berkshire Hathaway, the vehicle he has used to generate incredible wealth for himself, and for the company’s loyal longtime shareholders, over the past six decades. Since he took control in 1965, Buffett has transformed a struggling textile company into a massive conglomerate worth more than $1 trillion. His Class A shares account for almost all of his estimated total net worth of $151 billion, which puts him in the #10 slot of the Bloomberg Billionaires Index. He would be No. 2 on that list with roughly $359 billion if he held onto the hundreds of thousands of Berkshire B shares, currently valued at $208 billion, that he’s been giving away since 2006, with more donations to come.

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