Warren Is Right Again

Thanks to 37signals for posting a great quote from Warren Buffett (via Venture Beat).

We would rather suffer the visible costs of a few bad decisions than incur the many invisible costs that come from decisions made too slowly – or not at all – because of a stifling bureaucracy. — Warren Buffett

Lesson #2 from the Veature Beat article is to admit mistakes and move on.  And you can’t move on if you can’t move.  It’s certainly easy to say, but it’s oftentimes tremendously difficult to do in many organizations.  Cheers to Warren for calling attention to the value of being agile and able to respond to mistakes quickly.