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Warren Buffett's Early Investment Strategies
This chapter explores Warren Buffett's formative years in business, detailing his partnership structures and unique investment methodology. It highlights his early successes through 'cigar butt' investing, exemplified by the profitable acquisition of the Sanborn Map company. The narrative culminates in the significant lessons learned from his investment in American Express, showcasing his transition from short-term strategies to a focus on long-term value.