I think Buffett's Mistakes of Omission is a Bunch of Bunk

[Swizzled]

http://www.gurufocus.com/news.php?id=117529

 

It is called discipline, not a mistake of omission.

[Rabbitisrich]

I don't think that the examples provided in the essay demonstrated discipline. Especially in the Cap Cities deal, Buffett underestimated the importance of Tom Murphy's participation. That is a mistake because he misunderstood the dynamics of the bet; likewise, he probably isn't biting his lip over missing out on the Netflix run.