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Barry Ritholtz

Warren Buffett's Exxon Bungle

We all have war stories of the profitable sale that should never have been made.

How often do you make a decision to sell something for a giant gain? Quite a few times across the arc of a career, if you are a half-decent investor. But how often is that sell decision a terrible mistake?

Today, I want to tell the tale of Warren Buffett's bungled profit-taking in Exxon.