Warren Buffett’s 5 Worst Investments of All Time

4. Graham Holdings Company (NYSE: GHC)

Number of Hedge Fund Holders: 23    

Graham Holdings Company (NYSE: GHC) is a Virginia-based holding company founded in 1947. It is placed fourth on our list of Warren Buffett’s worst investments of all time. The company’s shares have returned more than 88% to investors over the past year. Buffett first bought a stake in the firm early on in his career during the early 1970s. He kept the company on his portfolio for almost 44 years before shedding his stake significantly in 2018. The 44-year position did not offer Berkshire significant gains, unlike some other long-held stocks on their profile.

Graham Holdings Company (NYSE: GHC) was the biggest newspaper-related investment of Berkshire and the Buffett exit represented a shift underway in the wider business world towards digital offerings as small and local news outlets struggled to stay afloat. 

At the end of the first quarter of 2021, 23 hedge funds in the database of Insider Monkey held stakes worth $550 million in Graham Holdings Company (NYSE: GHC) , down from 25 in the previous quarter worth $502 million.