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The Oracle of Omaha has admitted he goofed on his investment in UK supermarket chain Tesco, reports the Financial Times.

Read: Buffett’s business book list

“The chairman of Berkshire Hathaway, which is Tesco’s fourth-largest investor with a 3.97% stake, made his mea culpa on Thursday, contributing to the gloom surrounding the retailer as it deals with plunging profits and an accounting scandal. ‘I made a mistake on Tesco,’ he told CNBC. ‘That was a huge mistake by me.’ ”

Read more here.

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Originally published on Advisor.ca

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