Warren Buffett’s Paytm bet shows even experts get timing wrong
- In 2018, Warren Buffett's company put about ₹2,200 crore into Paytm. It was his first ever investment in an Indian company.
- Paytm's shares started at ₹2,150 in November 2021, then kept falling for the next two years.
- In November 2023, Buffett's company sold everything at ₹877 a share, losing about ₹507 crore.
- After he sold, the price kept rising and is now much higher than ₹877. So he sold near the bottom. Even the best investors get the timing wrong.
Source: course.chartcommando.com
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