Mistakes—no one likes to admit them, yet they are inevitable, even for the most successful investors and business leaders. Warren Buffett, in his 2024 Berkshire Hathaway Annual Report, does something that few corporate leaders dare to do: he openly acknowledges his errors. “Sometimes I’ve made mistakes in assessing the future … Read More
Warren Buffett: One of My Most Significant Investing Mistakes
In his 2020 Berkshire Hathaway Shareholder Letter, Warren Buffett reflects on an $11 billion write-down related to Berkshire’s 2016 acquisition of Precision Castparts (PCC), admitting he overpaid due to overly optimistic profit projections. Buffett emphasizes that no one misled him and praises PCC as a fine company with an exceptional … Read More