Draws Quote by Warren Buffett
“I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.”
About This Quote
Source Interview: Berkshire Hathaway Annual Meeting, 2018
Preferring an approximate, honest answer is better than a precise, false one; rejecting offers that are clearly wrong.
In simple terms: Better to be roughly right than exactly wrong.
Key Takeaway
Choose honesty over precision when stakes are high.
Themes
decisionmaking
integrity
risk
Mood
pragmatic
thoughtful
Type
financial
ethical
When to use this quote
- investment decisions
- daily choices
- leadership coaching
Key Concepts
business ethics
probabilistic reasoning
Questions to Reflect On
- When is precision essential?
- How do you balance accuracy and honesty?
A Different Perspective
Exact precision can be valuable in technical fields.
