Berkshire Hathaway Part I
Acquired
Learning from Early Stock Investment Mistakes
Despite having his father as a stockbroker, Warren Buffett's early investment in preferred shares of Cities Service resulted in a financial setback. Purchasing six shares at $38 each, the stock quickly decreased to $27 per share, causing anxiety for his sister and guilt for Warren. This experience laid the foundation for Buffett's future investment strategies and decision-making processes.
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