How a mistake in the textile business led the Oracle of Omaha to become one of the richest people in history
Warren Buffett has worked his way to becoming the world’s greatest investor through hard work and self-control. His ability to ignore wider market trends and invest against the herd is legendary and so is his ability to ignore all but the most lucrative investment opportunities.
Like all investors, Buffett has made mistakes over his career. And he believes the most significant mistake was the one occasion where he let his ego get the better of him, and he became emotionally involved in the opportunity.
Buffett estimates this one mistake cost him $100 billion, an enormous sum and one that would have completely...
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