ERICOPOLY Posted August 12, 2014 Share Posted August 12, 2014 If you had asked any investor in 2007 how their bank stocks would fare if real estate prices fell by 30%, I doubt that even one of them would have said, "I think they’d be fine." Our big mistake was that we didn't see the real estate crash coming. http://www.oakmark.com/Commentary/Commentary-Archives/2Q14--Bill-Nygren.htm?rf=dr Personally, I don't think that was his mistake. Warren Buffett's financial picks survived just fine. Nygren chose Washington Mutual to concentrate in, and Buffett was concentrated in Wells Fargo. So was not forecasting the real estate decline really Nygren's mistake? Link to comment Share on other sites More sharing options...
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