Warren Buffett Quotes About Mistakes

Quotes about: Mistakes

• I make plenty of mistakes and I'll make plenty more mistakes, too. That's part of the game. You've just got to make sure that the right things overcome the wrong ones.

  Warren Buffett

  Mistake, Games, Overcoming

• Well, I think the biggest mistake is not learning the habits of saving properly early. Because saving is a habit. And then, trying to get rich quick. It's pretty easy to get well-to-do slowly. But it's not easy to get rich quick.

  Warren Buffett

  Get Well, Mistake, Thinking

• Most business mistakes are irreversible setbacks, but you get another chance. There are two things in life that you don't get another chance at - marrying the wrong person and what you do with your children.

  Warren Buffett

  Children, Mistake, Things In Life

• It's good to learn from your mistakes. It's better to learn from other people's mistakes.

  Warren Buffett

  Mistake, People, Learn From Your Mistakes

• I want to be able to explain my mistakes. This means I do only the things I completely understand.

  Warren Buffett

  Mistake, Mean, Want

• 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.

  Warren Buffett

  Mistake, Poor Decisions, Games

• An investor needs to do very few things right as long as he or she avoids big mistakes.

  Warren Buffett

  Mistake, Long, Needs

  "3 Insights on The Future from Warren Buffett and Charlie Munger" by Taylor Pearson, www.huffingtonpost.com. August 19, 2016.

• The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.

  Warren Buffett

  Mistake, Twenties, Banking

• Charlie and I decided long ago that in an investment lifetime, it's too hard to make hundreds of smart decisions. That judgment became ever more compelling as Berkshire's capital mushroomed and the universe of investments that could significantly affect our results shrank dramatically. Therefore, we adopted a strategy that required our being smart and not too smart at that, only a very few times. Indeed, we now settle for one good idea a year.

  Warren Buffett

  Mistake, Smart, Long Ago

  Financial Review, 1985.

• Never get too hung up on mistakes.

  Warren Buffett

  Mistake, Hung

• it's a good idea to review past mistakes before committing new ones.

  Warren Buffett

  Mistake, Past, Ideas

  Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.149, John Wiley & Sons

• I don't want to hold out false hopes that the - by some magic moment, that things will turn around in a couple months because they wouldn't, Charlie. I mean, and it's a big mistake to try and mislead people.

  Warren Buffett

  Couple, Mistake, Mean

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". "Charlie Rose", www.cnbc.com. October 1, 2008.

• It is better to point out your own mistakes than have somebody else do it.

  Warren Buffett

  Mistake

  "Warren Buffett: 'My elephant gun is loaded'". Interview with Dominic Lawson, Robert Peston and Grant Ringshaw, www.telegraph.co.uk. September 22, 2002.

• We have to live with the rest of the world. And it's a mistake, in my view. Trade has generally developed in this country. We actually export 12 or 13 percent of our GDP. It was only 5 percent in 1970. But it benefits us. It benefits the rest of the world. It doesn't benefit the steelworker maybe in Ohio. And that's the problem that has to be addressed, because when you have something that's good for society, but terribly harmful for given individuals, we have got to make sure those individuals are taken care of.

  Warren Buffett

  Country, Mistake, Taken

  Source: www.pbs.org

• It's a big mistake to try and mislead people. They will turn around.

  Warren Buffett

  Mistake, People, Trying

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime - Charlie Rose Interview". "The Charlie Rose Show", www.cnbc.com. October 1, 2008.

• The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.

  Warren Buffett

  Mistake, Mean, Thinking

  "Warren Buffett's 'Stock Split' Interview". "Squawk Box" with Becky Quick, www.cnbc.com. January 10, 2010.

• I think the worst mistake you can make in stocks is to buy or sell based on current headlines.

  Warren Buffett

  Mistake, Thinking, Currents

• If you don't make mistakes you can't make decisions.

  Warren Buffett

  Mistake, Decision, Ifs

• We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.

  Warren Buffett

  Mistake, Decision, Made

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