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What Warren Buffett learned from his past investment mistakes, including IBM and airlines

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Warren Buffett is arguably the world's most celebrated investor. One trait that led him there is the fact that he's not afraid to admit to mistakes.

Warren Buffett is arguably the most celebrated investor of all time, and one trait that helped land him there is the fact that he's not afraid to admit to mistakes. The 93-year-old value investor has been unloading his HP stake over the past three weeks, leading some to believe he will eventually dump the entire losing bet.

Berkshire's auto insurance unit Geico was an early customer of Google, paying the search engine 10 bucks every time somebody clicked on the ad at the time. Buffett also admitted it was a mistake not being an early investor in Amazon , saying he underestimated the brilliance of founder Jeff Bezos. "I was too dumb to realize. I did not think [Bezos] could succeed on the scale he has," Buffett said in 2017, adding that he "really underestimated the brilliance of the execution.

 

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