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Warren Buffett’s Biggest Investing Mistake of 2015

by Peter J. Creedon

By Barbara Friedberg

Peter J. Creedon, CEO of registered investment advisory firm Crystal Brook Advisors, sums up Warren Buffett’s 2015 mistake:

“To make a mistake just proves he is human. But did Buffett make a mistake with IBM? Buffett/Berkshire Hathaway are prudent long-term investors. He and his team see some qualities of management, market position or other fundamentals that if refined or redefined in a better way, can contribute to a more successful company and ultimately Berkshire’s bottom line. Some turnarounds take longer than others, but long-term investors need more than a few quarters to effect real change. Time will tell.”

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