Some fat guest on CNBC said today that Buffett lost on KO.. !!!
He said the stock has gone nowhere but DOWN over time. What? Warren has owned KO for 30+ years. It's one of his largest holdings. He has probably realized a 2000% return. Who was that bozo? Why was he allowed to speak?
Kelly Evans was laughing when he said KO is a loser and the sleepy male guest mistakenly heard him call Buffett a loser. This was an odd interview about Kellogg. KO is not a momo stock but it is a good portfolio stabilizer in times like this.