Bill Gates’ big bet on Bud Light is a ‘mistake,’ former Anheuser-Busch exec says

Despite Bud Light parent company Anheuser-Busch's recent struggles, billionaire investor Bill Gates has poured nearly $100 million into the beer maker. A former executive of the brand warned simply, it is a "mistake." "Bill Gates is definitely making a mistake," former Anheuser-Busch executive Anson Frericks said. "Earlier this year, he already made a $900 million mistake when he invested into one of Anheuser-Busch's largest rivals, Heineken. He did that earlier this year. And since that investment, Heineken's down about 10%, whereas the broader markets are up 10%." "So if I...