Quote

The managers at fault periodically report on the lesson they have learned from the latest disappointment. They then usually seek out future lessons.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Learned
Fault
Future
Lesson
Managers
Disappointment
Faults
Periodically
Seek
Latest
Lessons
Report
Usually
Reports

More quotes by Warren Buffett

Image
You can't produce a baby in one month by getting nine women pregnant.
Warren Buffett
Image
In looking for people to hire, look for three qualities: integrity, intelligence and energy. And if they don't have the first, the other two will kill you.
Warren Buffett
Image
The market system rewards me outlandishly for what I do, but that doesn't mean I'm any more deserving of a good life than a teacher or a doctor or someone who fights in Afghanistan.
Warren Buffett
Image
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results.
Warren Buffett
Image
Long ago, Ben Graham taught me that Price is what you pay value is what you get. Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
Warren Buffett
Image
If you are a professional and have confidence, then I would advocate lots of concentration.
Warren Buffett
Image
The critical investment factor is determining the intrinsic value of a business and paying a fair or bargain price.
Warren Buffett
Image
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.
Warren Buffett
Image
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
Warren Buffett
Image
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
Image
Observing that the market was FREQUENTLY efficient, EMT Adherents went on to conclude incorrectly that it was ALWAYS efficient. The difference between these propositions is night and day.
Warren Buffett
Image
Wild swings in share prices have more to do with the lemming- like behaviour of institutional investors than with the aggregate returns of the company they own.
Warren Buffett
Image
Continually challenge and be willing to amend your best loved ideas.
Warren Buffett
Image
I don't try and guess when to get in and out of the market. I have owned stocks consistently since 1942. I owned the - I was buying stocks the day before the election. I was buying the same stocks the day after election. And if Hillary had been elected, it would have been the same thing.
Warren Buffett
Image
The difference between successful people and really successful people is that really successful people say no to almost everything.
Warren Buffett
Image
I don't read economic forecasts. I don't read the funny papers.
Warren Buffett
Image
When asked how he became so successful in investing, Buffett answered: 'we read hundreds and hundreds of annual reports every year.
Warren Buffett
Image
I look at everything. That's my job. I really do, every day. I think about everything.
Warren Buffett
Image
Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it's the lack of change that appeals to me. I don't think it is going to be hurt by the Internet. That's the kind of business I like.
Warren Buffett
Image
What's nice about investing is you don't have to swing at every pitch.
Warren Buffett