1 Decision Earned Warren Buffett’s Shareholders 3,787,464%
3,787,464%… That’s what Warren Buffett’s Berkshire Hathaway returned to shareholders. A $10,000 investment would’ve turned into more than $370 million. Those returns came over 58 years and it wasn’t from having alot of winning investments. According to Buffett, it came from about a dozen “truly good decisions.” If you do the math, that works out to about one great decision every five years. Investing success isn’t about being right all the time or having a string of winners. It’s about making a few decisions and being phenomenally right. In fact, at the Berkshire Hathaway shareholder meeting last Saturday, Charlie Munger[…]
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