11-Year-Old Warren Buffett Made a Big Mistake With His First Investment. Here’s the Lesson That Helped Him Achieve a $145 Billion Net Worth.

Warren Buffett, chairman and CEO of Omaha, Nebraska-based holding company Berkshire Hathaway, is one of the world’s most well-known investors, with a net worth north of $145 billion.

Image Credit: Eric Francis | Getty Images. Warren Buffett.

However, like all successful investors, Buffett had to start somewhere.

In his biography The Snowball: Warren Buffett and the Business of Life, author Alice Schroeder recounts Buffett’s early fascination with money — and an important lesson he learned from his first investment.

Related: Introvert Warren Buffett Was ‘Terrified’ of Public Speaking. Here’s the Secret That Helps Him Address 40,000 People at the Berkshire Hathaway Annual Meeting.

Buffett got his first taste of entrepreneurship at age

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