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#44 Todd Finkle: Warren Buffett - Investor and Entrepreneur
Investing by the Books
The Biggest Mistake Buffett Made
Buffett became a millionaire when he was 25. He didn't want to start his own investment partnership, but his family wanted him to because they knew he was so smart and he could make money for them. And of course that grew into Berkshire Hathaway. His biggest mistake is buying Berkshire Hathaway because he wanted to sell his shares and Berkshire Hathaway to the CEO and the board. They undercut him by I think it was 12.5 cents and he got mad. The opportunity cost today is like 400, 500 billion dollars according to Buffett.
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