Investing · Modern investor letters

Warren Buffett:Berkshire Hathaway 2014 Letter, Additional Excerpt 2

Warren Buffett《Berkshire Hathaway 2014 Chairman's Letter》· 2014 Chairman's Letter · Investing · Wealth

Undeterred by my first mistake of committing much of BPL’s resources to a dying business, I quickly compounded the error. Indeed, my second blunder was far more serious than the first, eventually becoming the most costly in my career.

Source: https://www.berkshirehathaway.com/letters/2014ltr.pdf
Locator:2014 Chairman's Letter, additional excerpt 2 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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