Deepfryer999

USG Corp: Another Buffett 'Failure to Sell' Mistake

You make it sound like Buffet bought all his shares in 2006, which is far from the truth. The average price per share that he paid is much lower than USG's peak price from 2006. Therefore, any mention of him losing "70%" is nonsense.

Realistically he's down about 30%. He bought most of his shares around $50, and now they're down to $34. But I really don't think he's worried about it. Who cares if the shares are down right now? With Buffet's help, this stock will be back up to $60-$70 within the next couple of years. He's a long term investor, and in the long term, he's going to make an enormous profit on this investement. Just like he always does.