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I was not misled: I simply was wrong - Warren Buffet

What a refreshing read - no elaborate power point, no spin (well not obvious spin) but also interesting first person discussion on the merits of the investments the company holds. 

 On page 15 he notes that some of the businesses "... have very poor returns, the result of some serious mistakes I made in my job of capital allocation. I was not misled: I simply was wrong..." 

He goes on to say "I have not, nonetheless, made my last mistake in purchasing either businesses or stocks. Not everything works as planned." 

What a refreshingly self critical analysis - that some how creates more confidence not less. 

Another area to work on :-)

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