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Forgetting your mistakes is a terrible error if you’re trying to improve your cognition. Reality doesn’t remind you. Why not...

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The most extreme mistakes in Berkshire’s history have been mistakes of omission.

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Learn from the mistakes of others. You can’t live long enough to make them all yourself.

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Since mistakes of omission don’t appear in the financial statements, most people don’t pay attention to them. We rub our...

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Banking has turned out to be better than we thought. We made a few billion [dollars] from Amex while we...

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It is really useful to be reminded of your errors. I think Warren Buffett and I are pretty good at...

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There is no way you can live an adequate life without making many mistakes.

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Mistakes will be made.

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Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your...

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There are two types of mistakes: 1) doing nothing, what Warren calls “sucking my thumb” and 2) buying with an...

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Our biggest mistakes, were things we didn’t do, companies we didn’t buy.

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