The Patience of an Investor: What Warren Buffett's GM Mistake Teaches Us About Long Term Thinking Warren Buffett's name is synonymous with shrewd investing.
His advice to General Motors CEO Mary Barra was hailed as "phenomenal," but the outcome for Berkshire Hathaway tells a more nuanced story.
Despite GM's stock tripling since 2023, Berkshire sold its remaining shares at a significant loss. Buffett's guidance to Barra reflected his own philosophy on investing for the long term.