Alpine Total Dynamic Dividend CEF (AOD)

[bar1080]

Doubt Buffett ever said: "60% of your investments will be losers, the trick is to make a lot of money on the other 40%"

That sounds like something penny pumpers say to justify all the pump and dumps that go to zero. I'd guess that 90+% of Buffett's investments have ranged from mediocre to fabulous investments.

Buffett has had a few dogs in 50 years, of course. But very few. Perhaps Buffett's worst investment was his 1993 purchase of shoe company, Dexter. And that was a pretty small acquisition.
http://finance.yahoo.com/news/pf_article_108869.html

Trust me, Buffett wouldn't have any interest in AOD.