Warren Buffett, one of the world's most successful investors, learned a valuable lesson from his very first stock purchase at the age of 11.
Buffett, along with his sister, bought shares in a company called Cities Service Preferred, but the stock price plummeted soon after.
He panicked and sold the shares for a small profit, only to watch the stock soar to a much higher price later on.
This experience taught Buffett the importance of patience and not selling investments too quickly, a lesson that has helped him achieve his incredible wealth.
