> Warren Buffett Blog: Recovering from investing mistakes

Wednesday, April 5, 2017

Recovering from investing mistakes


The best thing is to learn from other guy’s mistakes. [General George] Patton used to say, “It’s an honor to die for your country; make sure the other guy gets the honor.” 

There are a lot of mistakes that I’ve repeated. The biggest one, the biggest category over time, is being reluctant to pay up a little for a business that I knew was really outstanding.”