Looking back at Warren Buffett and Charlie Munger's careers, it is possible to pinpoint several situations that really helped these investors get to where they are today.
Both Buffett and Munger have both stated in the past how important it is to act quickly and with conviction when a great opportunity presents itself.
They have both followed through with this advice many times over their careers. In some cases, these decisions shifted the course of their careers, and it's doubtful if they would be where they are today if they had not made these choices when they did.
The first significant trade was the decision to become majority investors in Blue...
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