Subject: Re: o/t msft from Barrons,
I’ve made a few mistakes over the years. Bought a couple of dogs that went to zero. Would love to have that money back. However my biggest mistakes have been sell side. I sold out of Autozone after it tripled and missed a 60 bagger. If I put that in a coffee can I’d be retired and my Berkshire holdings would look like an after thought instead of being 20% of the portfolio. I bought into MSFT in the mid $20s and sold half when it started to run. Idiot. Every decision to sell Berkshire has also been a mistake.

My point is, buying a stinker and watching it go to zero hurts far less than watching a winner run after you were too smart by half. The dollar difference between those two mistakes isn’t even close.

The coffee can approach is genius.