Warren Buffett stubbed his toe on Wall Street - and lost $43 billion Dollars - according to his latest financial statement. His company still makes a small profit for the year.
Buffet, who earlier was a singer, had his last big hit in 1952 with 'Jambalaya Pants on Fire’ - with the Bad Boys of Omaha
He then switched to learning the yo-yo up and downs of the basically unregulated Wall Street (called a Free Market).
He learned to avoid the manipulative Big Board bandit firms who illegally ravaged and pillaged the novice small investors - (while the authorities watched).
Bitcoin is the latest financial sucker bait of these Wall Street Professionals.
Warren learned the Wall Street ropes really well - and is now a Billionaire.
But Wall Street eventually got even a smart guy like Warren - as they have Super Computers working for them - (millions of trades a second) - and Warren still uses an old adding machine.
His large holdings of Apple stock sank 21%, and really took a big Bite out of his profits.
