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We all make mistakes. If you can't make mistakes, you can't make decisions. I've made a lot bigger mistakes myself.

Warren Buffett

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Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Mistakes
Bigger
Mistake
Decision
Made
Make
Decisions

More quotes by Warren Buffett

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We've seen what can be accomplished when we use 50% of our human capacity. If you visualize what 100% can do, you'll join me as an unbridled optimist about America's future.
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Never invest in a business you don't understand.
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The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.
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The obligation of a society as prosperous as ours is to figure out how nobody gets left too far behind.
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You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
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We always live in an uncertain world. What is certain is that the United States will go forward over time.
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I'll take the deal, whatever you want to do.
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A pin lies in wait for every bubble and when the two eventually meet, a new wave of investors learns some very old lessons.
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I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.
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I don't know that I could draw one that's perfect. But I'd rather by approximately right than precisely wrong, and it would be precisely wrong to turn it down.
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If you've got the power to raise prices without losing business to a competitor, you've got a very good business. And if you have to have a prayer session before raising the price by a tenth of a cent, then you've got a terrible business. I've been in both, and I know the difference.
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We only want to link up with people whom we like, admire, and trust. ... We do not wish to join with managers who lack admirable qualities, no matter how attractive the prospects of their business. We've never succeeded in making a good deal with a bad person.
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The advice you never go broke taking a profit is foolish.
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It is more important to say no to an opportunity, than to say yes.
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... not doing what we love in the name of greed is very poor management of our lives.
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Beware [of] the investment activity that produces applause the great moves are usually greeted by yawns.
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In the great majority of cases we simply do not know enough about the industry or company to come to sensible judgments-in that situation we pass.
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Good big decisions do not take time at all, if they do you are in trouble.
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I certainly have no desire to sell a good controlled business run by people I like and admire, merely to obtain a fancy price. However, specific conditions may cause the sale of one operating unit at some point.
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What we really want to do is buy businesses that we would be happy to own forever.
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