Throughout his lengthy career, Warren Buffett has racked up only a handful of losses. This lack of losing investments is one of the reasons behind the billionaire's success over the years.
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However, just because he's not lost money on a lot of investments does not mean that Buffett does not make mistakes. In fact, it's quite the opposite.
Warren Buffett On Mistakes
At the 2004 Berkshire Hathaway annual meeting of shareholders, one investor asked the billionaire to highlight his most significant mistakes.
Buffett started his response by outlining the two main categories of errors:
"One is when we didn't invest at all in something...
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