In 1993, Warren Buffett made what he later called his worst deal ever: the acquisition of Dexter Shoe. At first glance, Dexter seemed to fit the Berkshire Hathaway (BRK.A) (BRK.B) mold - strong brand, ...

was out of town when his buyer broke the news by text: They were pulling out of the home-buying process, spooked by the sudden downturn in the stock market. “‘It’s frightening when you see ...