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Quality over Quantity in Investing
Buffett's approach to investing emphasizes quality over quantity, as seen in his mistakes of omission and the '20 punches approach'. He acknowledged errors in not investing in successful ventures due to his cautious nature. Buffett highlighted the value of making fewer, well-thought-out decisions over many small ones, relating it to the idea of limiting investment decisions to a set number of 'punches' in a lifetime.
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