Warren Buffett’s Berkshire Hathaway stock falls as big bet on Kraft Heinz sours
February 22, 2019 at 13:22 PM EST
Warren Buffett’s buy-and-hold strategy doesn’t always work out, as his Berkshire Hathaway is taking a bath on its big investment in Kraft Heinz Inc., after the packaged food company reported disappointing results, slashed its dividend and disclosed an SEC investigation.