--- title: "Meaning & Key Takeaway of: I would rather sustain the penalties…" description: "\"I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulti..." image: "https://sms4smile.com/quotes/i/089/warren-buffett-183_adoption_i-would-rather-sustain-the-penalties-res_2810367.jpg" --- # I would rather sustain the penalties resulting from… ![“I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of "New Era" philosophy where trees really do grow to the sky.” quote by Warren Buffett](https://sms4smile.com/quotes/i/089/warren-buffett-183_adoption_i-would-rather-sustain-the-penalties-res_2810367.jpg) [Download](https://sms4smile.com/quotes/i/089/warren-buffett-183_adoption_i-would-rather-sustain-the-penalties-res_2810367.jpg) [Open image](https://sms4smile.com/quotes/i/089/warren-buffett-183_adoption_i-would-rather-sustain-the-penalties-res_2810367.jpg) > “I would rather sustain the penalties resulting from over-conservatism than face the consequences of error, perhaps with permanent capital loss, resulting from the adoption of "New Era" philosophy where trees really do grow to the sky.” [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Conservatism in investing may be safer than reckless risk‑taking, even if it limits upside. **In simple terms:** Play it safe rather than chase risky trends. Key Takeaway Prefer cautious strategies. Themes investment risk management conservatism financial planning Mood pragmatic cautious analytical Type financial advisory When to use this quote - portfolio review - retirement planning - market analysis - risk assessment Key Concepts value investing risk aversion capital preservation Questions to Reflect On - How much risk is acceptable for your goals? - What safeguards protect against large losses? 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What's needed is a sound intellectual…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Everybody's got a different circle of competence. 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