Warren Buffett Just Took a Multi-Billion-Dollar Writedown on One of Berkshire Hathaway's Longtime Holdings and Is Now Piling Into a Deep Value Opportunity With a 5% Yield

Every quarter, investors eagerly wait for Berkshire Hathaway, the company run by Warren Buffett, to report changes in its massive stock portfolio. Investors are always interested to see what the greatest investor of all time and his team are buying and selling.While Berkshire will report its 13F filing next week, detailing Berkshire's holdings at the end of the second quarter, investors already know some of the changes the large conglomerate made thanks to the company's earnings report and other filings. Berkshire recently took a multi-billion-dollar writedown on one of its longtime holdings and continued to pile into another deep value stock with a more than 5% dividend yield, as of this writing.Buffett first got interested in the condiment and food company Kraft Heinz (NASDAQ: KHC) in 2013. Buffett and Berkshire teamed up with the private equity firm 3G to purchase Heinz for more than $23 billion. Two years later, the two companies once again worked together to merge Heinz with Kraft and form the Kraft Heinz known today. The investment has been a disaster.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool