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Stock impact report

3 Stocks Warren Buffett Was Wrong About [The Motley Fool]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: The Motley Fool
3 Stocks Warren Buffett Was Wrong About Even the greatest investors have their off days. This article was first published by MyWallSt . Do you want access to 25 years of market-beating experience in one day? Find out more about MyWallSt's exclusive InPerson November event! Though the Oracle of Omaha is widely considered to be the greatest investor of all time, even he managed to make a few mistakes. Here's a look at three of them. Warren Buffett's decision to buy a large stake in multinational energy conglomerate ConocoPhillips ( NYSE:COP ) was not a mistake because he bought it, but rather that he bought the stock at the wrong price. The general idea was that Buffett was making a play for future energy prices , with many believing that oil prices would only increase over the long term. However, this did not play out. ConocoPhillips was Buffett's way of benefiting from the expected jump in oil prices. The company was and still is very successful, but buying stocks in a great compa Show less Read more
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