Warren Buffett loses $2 billion in two days after stocks take a hit

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Wednesday, October 22, 2014
In this file photo from May 5, 2014, Berkshire Hathaway Chairman and CEO Warren Buffett laughs in Omaha, Neb.
In this file photo from May 5, 2014, Berkshire Hathaway Chairman and CEO Warren Buffett laughs in Omaha, Neb.
AP Photo/Nati Harnik-AP

NEW YORK (KGO) -- Warren Buffett, arguably one of the world's most successful stock pickers, is out $2 billion Wednesday morning.

His Berkshire Hathaway holds large chunks of Coca-Cola and IBM, both of which took a hit after reporting weak earnings this week.

That amounted to a $2 billion loss in just two days for Buffett, which may sound like a lot but is actually pocket change considering his $68 billion net worth.

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