--- title: "Meaning & Key Takeaway of: Part of making good decisions in business…" description: "\"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 t..." image: "https://sms4smile.com/quotes/i/dfb/warren-buffett-183_business_part-of-making-good-decisions-in-busines_3049322.jpg" --- # Part of making good decisions in business is recognizing… ![“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…” quote by Warren Buffett](https://sms4smile.com/quotes/i/dfb/warren-buffett-183_business_part-of-making-good-decisions-in-busines_3049322.jpg) [Download](https://sms4smile.com/quotes/i/dfb/warren-buffett-183_business_part-of-making-good-decisions-in-busines_3049322.jpg) [Open image](https://sms4smile.com/quotes/i/dfb/warren-buffett-183_business_part-of-making-good-decisions-in-busines_3049322.jpg) > “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](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. 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. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Decision](https://sms4smile.com/quotes/about/decision/) [Failure](https://sms4smile.com/quotes/about/failure/) [Games](https://sms4smile.com/quotes/about/games/) [Good decision](https://sms4smile.com/quotes/about/good-decision/) [Making Good Decisions](https://sms4smile.com/quotes/about/making-good-decisions/) [Mistake](https://sms4smile.com/quotes/about/mistake/) [Mistakes](https://sms4smile.com/quotes/about/mistakes/) [Perfection](https://sms4smile.com/quotes/about/perfection/) [Poor decisions](https://sms4smile.com/quotes/about/poor-decisions/) ## Related quotes > [You can't be 100% perfect, but try to evaluate things and do what's right. 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