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The most important takeaway from Buffett's terrible Waumbec investment is to learn from your mistakes.
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Warren Buffett paid $433 million in Berkshire Hathaway stock for Dexter Shoe Co.
in 1993.
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This represented 1.6 percent of Berkshire Hathaway's total wealth at the time.
For Warren Buffett's investment philosophy, the 1998 acquisition of General Reinsurance (Gen Re) was initially not the greatest choice.
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I had absolutely no idea that energy prices would drop so much in the second half of the year.
In 2011, Warren Buffett and Berkshire Hathaway came under fire after it was discovered that David Sokol, the chairman at the time of a number of the company's companies, had approached Buffett about acquiring Lubrizol Corp.
The issue was Sokol's ownership of stock in the chemicals firm.
Warren Buffett regrets his 1989 acquisition of $358 million worth of shares in US Airways, even though it didn't make the list of his unsuccessful investments.
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The absence of Google shares from Warren Buffett's portfolio is something he regrets.
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