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Seize Opportunities Wisely
Buffett faced internal struggles with his company but remained steadfast in his investment decisions. Despite speculations of a falling out with Gutfrent, Buffett stuck to his guns and held onto his investment in Solomon. He seized the opportunity to purchase Coca-Cola stock when its price decreased due to temporary headwinds, even though it was still relatively expensive. Buffett's investment of $600 million in Coca-Cola quickly doubled to $1.2 billion, showcasing his ability to capitalize on market overreactions and make profitable investment decisions.