Here's part 3 of FORTUNE's "Believe It or Not" investment gallery -- some of the most unconventional investments of all time:
Back in the late 1950s, Warren Buffett and his friend Tom Knapp cornered the market on 1954 Blue Eagle 4-cent airmail stamps. They found out that the 400,000 stamps were nearly worthless -- plus the sheets kept sticking together. Buffett sold much of the lot at 10 percent of face value.
I think this was the last bad investment WB made. I don't feel too bad for him -- he's done ok since then. ;-)
Click here to read part 4 of this series.
Free Money Finance recommends Emigrant Direct for its 4.0% yield.
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