Failure Quote by Warren Buffett
“it's a good idea to review past mistakes before committing new ones.”
About This Quote
Source Speech: Annual Shareholder Letter, Warren Buffett, 1995
Reviewing past errors helps avoid repeating them and improves future decisions.
In simple terms: Learn from mistakes before acting.
Key Takeaway
Reflect before you act.
Themes
learning
reflection
decisionmaking
Mood
cautious
pragmatic
Type
advice
motivational
When to use this quote
- investment decisions
- personal projects
- team planning
- policy formulation
Key Concepts
risk management
continuous improvement
Questions to Reflect On
- What lessons have you ignored?
- How can you systematize review?
A Different Perspective
Past mistakes may not fully predict future contexts.
