Look for 3 things in a person. Intelligence, Energy, & Integrity. _x000D_ If they don't have the last one, don't even bother with the first two.
Interpretation
Choose friends and associates based on their integrity above all else.
Warren Buffett emphasizes the significance of integrity in a person's character and suggests that even highly intelligent and energetic individuals are not worth engaging with if they lack integrity. This highlights the importance of moral values and ethical behavior as foundational qualities that define one's character and relationship with others.
In practice
In a job interview, you might quote Buffett to emphasize the importance of hiring candidates with a moral compass.
I have no views as to where it will be, but the one thing I can tell you is it won't do anything between now and then except look at you. Whereas, you know, Coca-Cola (KO) will be making money, and I think Wells Fargo (WFC) will be making a lot of money and there will be a lot - and it's a lot - it's a lot better to have a goose that keeps laying eggs than a goose that just sits there and eats insurance and storage and a few things like that.
If the world couldn't see your results, would you rather be thought of as the world's greatest investor but in reality have the world's worst record? Or be thought of as the world's worst investor when you were actually the best?
Cash never makes us happy, but it's better to have the money burning a hole in Berkshire's pocket than resting comfortably in someone else's.
I think you should read everything you can. In my case, by the age of 10, I'd read every book in the Omaha public library about investing, some twice. _x000D_ You need to fill your mind with various competing thoughts and decide which make sense.
The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
But I'm kind of comfortable with getting older because it's better than the other option, which is being dead. So I'll take getting older.
There is no use in running before you are sent; there is no use in attempting to do God's work without God's power. A man working without this unction, a man working without this anointing, a man working without the Holy Ghost upon him, is losing time after all.
Sir Isaac Newton was asked how he discovered the law of gravity. He replied, "By thinking about it all the time.
As our knees and hips and eyesight deteriorate, we become more dependable, less impulsive, kinder, and less moody. Psychologists call this the maturity principle. My own life experience fits this principle to a T.
They say time is money but really it's not_x000D_ _x000D_ If we ever go broke, then time is all we got_x000D_ _x000D_ And we can't make that back, no you can't make that back
Where are they written?" "In the world around us. Merely be attentive to what happens in your life, and you will discover where, every moment of the day, He hides His words and His will. Seek to do as He asks: this alone is the reason you are in the world." "If I discover it, I'll write it on clay tablets." "Do so. But write them, above all, in your heart; there they can neither burned nor destroyed, and you will take them wherever you go.
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