Mr. Buffett also came up with this: The best thing is to learn from other guys mistakes. [General George S.] Patton used to say, 'It's an honor to die for your country; make sure the other guy gets the honor.' There are a lot of mistakes that Ive repeated. The biggest one, the biggest category over time, is being reluctant to pay up a little for a business that I knew was really outstanding.
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