Mistakes were made (by me)

Here’s a neat little article on Warren Buffett’s willingness to learn from his mistakes.

 A key to investing well is a willingness to look stupid, Buffett says. “Most managers have very little incentive to make the intelligent-but-with-some-chance-of-looking-like-an-idiot decision,” Buffett wrote in 1984. Most would prefer “failing conventionally.”

He added: “Lemmings may have a rotten image, but no individual lemming has ever received bad press.”

Add Your Comments

Disclaimer
Your email is never published nor shared.
Required
Required
Tips

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <ol> <ul> <li> <strong>

Ready?