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.”
About This Quote
Source Letter to Shareholders, Berkshire Hathaway, 2015
Recognizing and learning from mistakes is essential; perfection is unrealistic.
In simple terms: Accept mistakes, learn, and keep improving.
Key Takeaway
Focus on continuous improvement, not perfection.
Themes
business
decision making
learning
humility
growth
Mood
reflective
pragmatic
Type
business
motivational
When to use this quote
- investment strategy
- leadership development
- personal growth
Key Concepts
cognitive bias
error analysis
resilience
Questions to Reflect On
- What recent mistake taught you the most?
- How do you balance high standards with realistic expectations?
A Different Perspective
Perfectionism can stall progress if not managed.
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![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)