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.
One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.
Renunciation - non-resistance - non-destructiveness - are the ideals to be attained through less and less worldliness, less and less resistance, less and less destructiveness. Keep the ideal in view and work towards it. None can live in the world without resistance, without destruction, without desire. The world has not come to that state yet when the ideal can be realised in society.
Personal identity seems like it's just such an American archetype, from Holly Golightly re-inventing herself in 'Breakfast At Tiffany's' to Jay Gatsby in 'The Great Gatsby.' It seems like the sort of archetypal American issue. If you're given the freedom to be anything, or be anyone, what do you do with it?
Here's a thought: what if we ban the word 'healthy food' from our culinary vocabulary? I'm not talking about banning foods that are considered healthy. I'm talking about changing the way we think about food overall.
I want to put on the table, not why 85% of the members of the National Academy of Sciences reject God, I want to know why 15% of the National Academy don’t.
Modern travelling is not travelling at all; it is merely being sent to a place, and very little different from becoming a parcel.
The people I really do dislike are the morally unimaginative kind of evolutionary reductionists who, in the name of science, think they can explain everything in terms of our early hominid ancestors or our genes, with their combination of high-handed tone and disregard for history. Such reductive speculation encourages a really empty scientism.
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