What you can learn from Warren Buffett’s mistakes

Many lessons: Attendees pass a photograph of Buffett displayed during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska. The legendary investor has never shied away from acknowledging mistakes. — Bloomberg

THERE was very little in the way of news in the annual letter to Berkshire Hathaway Inc shareholders that Warren Buffett released Saturday morning.

Buffett did mention that “Berkshire had a good year in 2022,” with operating earnings of US$30.8bil (RM137bil), and disclosed that subsidiary See’s Candies sold US$400,309 (RM1.77mil), or 11 tonnes, of its peanut brittle and chocolates at last year’s annual meeting in Omaha.