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.”