Warren Buffett lost money this year.

Even the savviest investor can have a bad year. Buffett’s Berkshire Hathaway is down over 11% in 2015.

The reason for the decline is the declining price of oil and other commodities. Berkshire Hathaway has a big investment in railroads that make much of their money hauling commodities such as oil and coal.

It also has big positions in American Express and IBM which declined 24% and 13% respectively this year.

If you broke even this year you beat the “Wizard of Omaha.”

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