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Billionaire Buffett Regrets Paramount Blunder: We Lost a Fortune!

Berkshire Hathaway sold off all its shares in Paramount at a loss. Warren Buffett admitted full responsibility for the decision. Paramount's stock has been declining since Berkshire first invested in 2022 due to issues such as a dividend cut and CEO exit. The company's struggles in the face of declining traditional pay-TV and competition in streaming led Buffett to question consumer priorities and the oversaturation in the streaming industry.