Warren Buffett：Berkshire 2024 Letter, Excerpt 1

Sometimes I’ve made mistakes in assessing the future economics of a business I’ve purchased for Berkshire – each a case of capital allocation gone wrong. That happens with both judgments about marketable equities – we view these as partial ownership of businesses – and the 100% acquisitions of companies.

Source： https://www.berkshirehathaway.com/letters/2024ltr.pdf
Locator：2024 Chairman's Letter, excerpt 1 · Verified：2026-10-19 · Verification：Short excerpt

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