We always live in an uncertain world. What is certain is that the United States will go forward over time.
Interpretation
While uncertainty is inherent in life, progress is a certainty for the United States.
Warren Buffett reflects on the nature of uncertainty in the world, emphasizing that despite the unpredictable aspects of life and society, there is a steadfast belief in the United States' ability to progress and evolve over time. This perspective encourages resilience and optimism in the face of challenges.
In practice
During a motivational speech about overcoming challenges in entrepreneurship.
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.
Every now and then, a person must do something simply because he wants to, because it seems to him worth doing. And that does not make it worthless or a waste of time.
Well, I know, of course, how important it is not to keep a business engagement, if one wants to retain any sense of the beauty of life.
Most people catch their presuppositions from their family and surrounding society the way a child catches measles.
And so, from hour to hour, we ripe and ripe._x000D_ _x000D_ And then, from hour to hour, we rot and rot;_x000D_ _x000D_ And thereby hangs a tale.
Hubris calls for nemesis, and in one form or another it's going to get it, not as a punishment from outside but as the completion of a pattern already started.
I came in contact with every known Indian anarchist in London. Their bravery impressed me, but I felt that their zeal was misguided. I felt that violence was no remedy for India's ills, and that her civilisation required the use of a different and higher weapon for self-protection. - Hind Swaraj
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