Banana skin in the game: How to learn from your investing mistakes
Many Happy Returns
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Many Happy Returns Podcast
Buffett's company is named Berkshire Hathaway because basically, he accidentally turned this Northern textile company into a conglomerate which owned Coca-Cola and oil refineries and railroads. But the lesson is, as you see here, in his shareholders letter, he acknowledges his mistake,. He's gone on to be maybe the greatest investor of all time, right? So a mistake isn't necessarily the end.
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