Warren Buffett announced that Berkshire Hathaway has completely divested its stake of 63.3 million shares in Paramount, resulting in a significant financial loss. Buffett clarified that the decision to buy and subsequently sell the shares was solely his, dismissing any speculation about the involvement of Berkshire executives Todd Combs or Ted Weschler. He emphasized his full responsibility for the investment decision and acknowledged the loss as part of the business.
“It was 100% my decision and we’ve sold it all and we lost quite a bit of money,” said Buffett. “I did it all by myself, folks.”
Warren Buffett Says Berkshire Hathaway Sold All of Its Paramount Stock: ‘We Lost Quite a Bit of Money’ https://t.co/JUyq9DTGI9 https://t.co/n7pwbGVuHy
Warren Buffett Says Berkshire Hathaway Sold All of Its Paramount Stock: 'We Lost Quite a Bit of Money' https://t.co/JUyq9DTGI9
Buffett today: "We lost quite a bit of money on $PARA and I did it all myself." https://t.co/4sf6pUNgcM
Warren Buffett Has Sold His Paramount Stock: "We Sold it All, and We Lost Quite a Bit of Money" https://t.co/LSb6R6kGuf
Warren Buffett says Berkshire sold its entire Paramount stake and "lost quite a bit of money"; Berkshire owned 63.3M shares of Paramount as of the end of 2023 (@yunli626 / CNBC) https://t.co/VvhnUOCu9N https://t.co/v7tpchsqLJ
⚠️JUST IN: *WARREN BUFFETT SAYS BERKSHIRE SOLD ENTIRE PARAMOUNT STAKE AT A LOSS $PARA https://t.co/AwvZiB1NkQ
Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting. “It was 100% my decision, and we’ve sold it all and we lost quite a bit of… https://t.co/WzG1PNswn5
Warren Buffett says Berkshire sold its Paramount holdings at a loss https://t.co/aKb4jNhkmL https://t.co/2jeKIyEfsZ
‘It Was 100% My Decision.’ Berkshire Sold Entire Paramount Stake, Buffett Says. https://t.co/qxmJT6BIC8
⚠️ WARREN BUFFETT SAYS BERKSHIRE SOLD ENTIRE PARAMOUNT HOLDINGS AT A LOSS Full Story → https://t.co/fh1DeYXwyb
Buffett says Berkshire sold out its entire Paramount stake https://t.co/oo0iJK1Gmo
MORE news from the afternoon session - Buffett dumped $PARA entirely at a loss! "I was 100% responsible for the Paramount decision. It was 100% my decision, and we've sold it all and we lost quite a bit of money." https://t.co/KmxGSiDDFr
Warren Buffett just said Berkshire Hathaway $BRK.B sold its entire Paramount $PARA stake: ‘We lost quite a bit of money’ - CNBC
Buffett says Berkshire sold its entire Paramount stake $para https://t.co/MaVWXmJRiw
Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money' https://t.co/ycYuVLkcjh
Buffett on selling $PARA: "It was 100% responsible for the paramount decision. There is speculation that either Ted or Todd had some involvement in that. It was 100% my decision & we sold it all and we lost quite a bit of money & that happens in this business till" https://t.co/RoOh9Ui9EA
Buffett on $PARA: "I was 100% responsible for the paramount decision. There is speculation that either Ted or Todd had some involvement in that. It was 100% my decision & we sold it all and we lost quite a bit of money & that happens in this business till" https://t.co/FPE6zLFYhJ
Buffett: Paramount was completely his decision to get in and out and Berkshire lost money. Nothing to do with Todd or Ted. $PARA $PARAA https://t.co/kuQquLWh1l