{"id":1572,"date":"2007-07-02T08:04:54","date_gmt":"2007-07-02T13:04:54","guid":{"rendered":"http:\/\/chimeraobscura.com\/vm\/mistakes-were-made-by-me\/"},"modified":"2007-07-02T08:04:54","modified_gmt":"2007-07-02T13:04:54","slug":"mistakes-were-made-by-me","status":"publish","type":"post","link":"http:\/\/chimeraobscura.com\/vm\/mistakes-were-made-by-me","title":{"rendered":"Mistakes were made (by me)"},"content":{"rendered":"

Here’s a neat little article on Warren Buffett’s willingness to learn from his mistakes<\/a>.<\/p>\n

\u00c3\u201a\u00c2\u00a0A 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.”<\/p>\n

He added: “Lemmings may have a rotten image, but no individual lemming has ever received bad press.”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Here’s a neat little article on Warren Buffett’s willingness to learn from his mistakes. \u00c3\u201a\u00c2\u00a0A 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, … <\/p>\n

Continue reading “Mistakes were made (by me)”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27],"tags":[],"class_list":["post-1572","post","type-post","status-publish","format-standard","hentry","category-big-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4C7K-pm","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":3800,"url":"http:\/\/chimeraobscura.com\/vm\/warren-buffett-was-right","url_meta":{"origin":1572,"position":0},"title":"Warren Buffett was right!","author":"Gil","date":"April 14, 2009","format":false,"excerpt":". . . Still, when he said that derivatives were WMDs, I don't think he meant this.","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1492,"url":"http:\/\/chimeraobscura.com\/vm\/he-hath-a-way","url_meta":{"origin":1572,"position":1},"title":"He hath a way","author":"Gil","date":"May 5, 2007","format":false,"excerpt":"Berkshire Hathaway just held its annual meeting, in which Warren Buffett fields questions from shareholders. For six hours. He's 77. I'm just sayin'. Anyway, the Wall Street Journal had some highlights from the Q&A (I think it's $-to-read, but that's probably why Rupert Murdoch bid $5 billion for it, and\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"http:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1286,"url":"http:\/\/chimeraobscura.com\/vm\/unrequired-reading-jan-12-2007","url_meta":{"origin":1572,"position":2},"title":"Unrequired Reading: Jan. 12, 2007","author":"Gil","date":"January 12, 2007","format":false,"excerpt":"It's time for some post-birthday Unrequired Reading, dear unrequired readers! Christopher Hitchens \"reviews\" Ann Coulter. * * * Idiocracy is out on DVD. * * * An even-handed take on the mystery of how much oil is really remaining in the earth. * * * The zen of Jimmy Buffett.\u2026","rel":"","context":"In "Politics (explicit)"","block_context":{"text":"Politics (explicit)","link":"http:\/\/chimeraobscura.com\/vm\/category\/politics-explicit"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121,"url":"http:\/\/chimeraobscura.com\/vm\/mistakes-were-made-dept","url_meta":{"origin":1572,"position":3},"title":"“Mistakes Were Made” Dept.","author":"Gil","date":"January 27, 2004","format":false,"excerpt":"A one-time gay porn actor blackballed from the Japanese leagues? Just read. My favorite part is that the player who gets quoted is named Grady Sizemore. Was Woody Everhard busy?","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120,"url":"http:\/\/chimeraobscura.com\/vm\/mistakes-were-made-dept-part-2","url_meta":{"origin":1572,"position":4},"title":"“Mistakes Were Made” Dept., Part 2","author":"Gil","date":"January 29, 2004","format":false,"excerpt":"Yes, David Kay's report on intelligence failures re: WMDs in Iraq is harsh. But it's not as if mistakes like this are unheard of in the intelligence community. Anyone who wants to treat the whole issue as an opportunity to bash the White House ought to sit down and read\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":449,"url":"http:\/\/chimeraobscura.com\/vm\/the-man-who-wasnt-there","url_meta":{"origin":1572,"position":5},"title":"The Man Who Wasn’t There","author":"Gil","date":"January 18, 2005","format":false,"excerpt":"Evidently, Errol Morris was so excited about being added to the Virtual Memories blogroll, he wrote a completely unrelated opinion piece in today's New York Times.To me, John Kerry's heroism encompassed both his actions in combat and his willingness to change his mind and stand up for what he thought\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/comments?post=1572"}],"version-history":[{"count":0,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/1572\/revisions"}],"wp:attachment":[{"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/media?parent=1572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/categories?post=1572"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/tags?post=1572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}