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Buffett's Latest Headache: U.S. Bancorp

Buffett makes mistakes, like all of us... In 2001, Buffet had a 5-year outlook as grim as the last two years have been + the next three! He said don't invest in stocks for the next 5 years (which turned out splendid)... Lawrence Ruekheiser was encouraging his TV audience to start dollar-cost averaging into the coming rise of equities. Obviously, Ruekheiser was right.

One thing about Warran Buffet though, it's a lot easier to recall and note his mistakes, than it is to count his victories, which would take many pages.