Warren Buffet’s Worst Investment

Warren Buffet’s Worst Investment

As all of you know that, Warren Buffet is the legendary investor and the oracle of Omaha. He is world’s third richest person. And he has made several long term investments in his life.

Warren Buffet also owns lots of shares in Washington Post (WPO, Fortune 500) but well, according to Paul R. La Monica on CNNMoney.com,

Investing guru Warren Buffett obviously doesn't need or probably want my investing advice.

But for what it's worth, here's a friendly suggestion for the Oracle of Omaha: You might want to reconsider whether it's still worth owning so many shares of Washington Post Co.

Considering that most Washington Post bulls have long maintained that the jewel of the company is really the education division and not its widely respected newspaper, it makes it harder to justify why the stock is a compelling investment.

The publishing business only accounts for about 14% of its total sales. It's also losing money. Washington Post even finally sold its struggling Newsweek magazine this year -- for $1.

Paul shown fear that, the new media (Blogs, Online Newspapers…etc..) is coming in the world which is making traditional medias less and less profitable.

This is because a blogger can also compete the traditional news companies very badly. This is because a blogger don’t have to ask for anyone’s permission to publish anything. No long editorial queues and no supervision. While a traditional News company has several resistant at all the levels before the article of the author gets published.