"Berkshire Hathaway" itself, the original company, was a textile manufacturer. Warren Buffet said this was a terrible business because what would be profit margins would just have to be re-invested in the company to upgrade the production capacity to keep up with competitors.
Solomon Brothers also comes to mind as one referred to by Warren as a "mistake."
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Has Warren Buffett made any mistakes in his big investmests thus far?
"Berkshire Hathaway" itself, the original company, was a textile manufacturer. Warren Buffet said this was a terrible business because what would be profit margins would just have to be re-invested in the company to upgrade the production capacity to keep up with competitors.
Solomon Brothers also comes to mind as one referred to by Warren as a "mistake."