Mistakes of Omission

What you don’t do can hurt you more than what you do. Charlie Munger revealed that most of Berkshire Hathaway’s costly mistakes have been those of omission - seeing golden opportunities but failing to act. These invisible errors, whether from overthinking or underbuying, have silently bled billions from their potential wealth.The $10 billion Walmart oversight stands as a glaring example to Munger and Warren Buffett. While these missed chances don’t show up on balance sheets, they’ve made a point to confront them head-on, turning each painful “what if” into a lesson for future decision-making.