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Warren Buffett's Greatest Investments Of All Time

Freddie Mac

First Shares Purchased: Undetermined

Date Sold: 2000 (the vast majority)

Amount Made: $2.5 Billion (Realized)

Percentage Gain: 850 percent (Realized)

At the end of 1999 Buffett had 59,559,300 shares of Freddie Mac with a cost basis of $294 million and a market value of $2.8 billion. Buffett sold nearly all of his Freddie Mac and Fannie Mae shares in 2000. It may have been his insight into the company that gave the investor premonitions that Freddie Mac and its sister, Fannie Mae, were doomed. Buffett’s earnings on the sale were realized gains of roughly $2.5 Billion, with about an 850 percent increase from purchase price.

(AP Photo/Pablo Martinez Monsivais, FILE)

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