What You Can Learn From Buffett’s $3 Billion Mistake

What You Can Learn From Buffett’s $3 Billion Mistake

Posted On February 27, 2019 1:35 pm

Warren Buffett’s $3 billion mistake has important lessons to teach all of us about how to avoid making costly errors with our portfolios.

I think we can all agree that it would be great to be as rich as Warren Buffett (the second richest man in the world after Bezos loses 50% of his shares in his divorce). Of course, few people can realistically expect to recreate the man’s epic 20+% CAGR total returns over the past 53 years, which he himself has admitted.

But standing on the shoulders of giants by adopting the time tested lessons of the greatest investors in history (like Buffett) is a great way to both improve our own investing returns, as well as avoid costly mistakes that can dash our financial dreams.

So let’s take a look at what lessons we can learn from Buffett’s recently-admitted $3 billion mistake, and how that can hopefully set us up to grow our own wealth over time.

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About author

Dividend Sensei
Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I currently write for both Seeking Alpha, Simply Safe Dividends, and DividendSensei.com My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams, and enrich their lives. With 22 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams. I'm currently on an epic quest to build a broadly diversified, high-quality, high-yield dividend growth portfolio that: 1. Pays a 5% yield 2. Offers 7% annual dividend growth 3. Pays dividends AT LEAST on a weekly, but preferably, daily basis

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