4 Lessons from Warren Buffett’s Latest Shareholder Letter
4 Lessons from Warren Buffett's Latest Shareholder Letter 1. Even Billionaires Make Mistakes! In a 2008 shareholder letter, Buffett described his purchase of $ 433 million worth of Dexter Shoe shares using Berkshire, calling it his worst deal ever. But he also promised: "I'll make more mistakes in the future, you can be sure of that." Buffett admitted another mistake this year: investing too much in 2016 in Precision Castparts Corp., a manufacturer of industrial and aircraft parts. While the airline industry was seriously damaged by the epidemic, Precision company laid off nearly 40 percent of its employees last year....
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