Warren Buffett: The Biggest Investment Mistake of My Life | Terry Leadership Speaker Series 2001

Warren Buffett reveals the biggest investing mistakes he ever made — including buying Berkshire Hathaway, missing billion-dollar opportunities, and why “cheap stocks” can become expensive mistakes. In this timeless lesson on investing, business, opportunity cost, and decision-making, Buffett explains why buying wonderful businesses beats buying cheap businesses, and why the biggest mistakes in life are often the opportunities you never took. Topics covered: - Berkshire Hathaway mistake - Opportunity cost explained - Circle of competence - Investing psychology - Long-term investing strategy - Warren Buffett investing advice - Mistakes of omission vs commission Subscribe for more investing wisdom, business lessons, and financial psychology content. YAPSS eBook | Collection: Charlie Munger Investing Advice, Life Advice & Others ► Shop Now: https://www.yapss.com/products/collection-charlie-munger Warren Buffett's Recommended Book List: ► https://www.amazon.com/shop/yapss ► Video Transcript & YAPSS Takeaway: https://www.yapss.com/blogs/collection-warren-buffett/ This speech is given by Warren Buffett at Terry Leadership Speaker Series on July 18, 2001. ► Full Video: https://youtu.be/2a9Lx9J8uSs?si=hvfkap4Rvr_pCtVY ☆Who is Warren Buffett (The Oracle of Omaha)?☆ Warren E. Buffett is one of the most successful investors in the world and the chairman & CEO of Berkshire Hathaway, who has a net worth of over 100 billion dollars. Warren Buffett's Berkshire Hathaway has posted average annual returns of 17.1% since 1985, well ahead of the broader stock market’s 10.5% including dividends. If you’d invested $10,000 in Berkshire Hathaway at the start of 1985 you’d now have $2.4 million; the same principal in the S&P 500 would now be worth about $227,000. Share this video with a friend if you find it useful! Consider subscribing to the channel for videos about investing, business and life from Warren Buffett and other great investors! For any concerns, business inquiries, et