Warren Buffett Quotes
Managers thinking about accounting issues should never forget one of Abraham Lincoln's favorite riddles: How many legs does a dog have, if you call a tail a leg? The answer: Four, because calling a tail a leg doesn't make it a leg.
Topics
Issues
Problem Solving
Thinking
Dogma
Business Ethics
Critical Thinking
Dog
Financial Management
Misconception
Accounting Principles
Analytical Mindset
Ethical Decision Making
Language Manipulation
Logical Fallacy
Logical Reasoning
Perception Bias
Strategic Decision Making
leadership mindset
Mislabeling
Citations
Buffett, Warren. Letter to Shareholders, 1992. Berkshire Hathaway Inc., 1 Mar. 1993, p. 12.
Related Quotes
Warren Edward Buffett is an American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over US$100.6 billion as of April 2021, making him the world's seventh-wealthiest person.