Tap Dancing to Work

Tap Dancing to Work

Warren Buffett on Practically Everything, 1966-2013

Carol Loomis

Buffett had an unwritten rule at the time that he would not put more than 25% of the partnership’s money into one security. He broke the rule for American Express, committing 40%, which was $13 million. Some two years later he sold out at a $20 million profit.

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