"Part of making good decisions in business..." - Quote by Warren Buffett
Part of making good decisions in business is recognizing the poor decisions you've made and why they were poor. I've made lots of mistakes. I'm going to make more. It's the name of the game. You don't want to expect perfection in yourself. You want to strive to do your best. It's too demanding to expect perfection in yourself.
More by Warren Buffett
“With enough insider information and a million dollars, you can go broke in a year.”
“The speed at which a business success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.”
“The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.”
More on Decision Making
More on Mistakes
“I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.”
“Failure is a great teacher and, if you are open to it, every mistake has a lesson to offer.”
“Do not fear mistakes.”