The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.
Interpretation
Investing in your personal development leads to greater rewards in life and career.
Warren Buffett emphasizes the importance of self-investment through education and personal development. By acquiring knowledge and skills, individuals increase their potential for success and financial rewards, underscoring that one's greatest asset is oneself and continuous learning is a crucial pathway to achieving financial and personal growth.
In practice
During a motivational speech at a university graduation, one could use this quote to encourage graduates to pursue continuous learning.
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.
Simple idea with powerful consequences: everyone who intersects your life knows something you don't.
There is no such thing as genius, some children are just less damaged than others.
Things are always better in the morning.
Time is the most valuable thing on earth: time to think, time to act, time to extend our fraternal relations, time to become better men, time to become better women, time to become better and more independent citizens.
...operational proof...it's all theory until you see for yourself whether or not something works.
I have learned to look upon each little hindrance as a jest and each great one as a foreshadowing of victory.
Subscribe for the occasional hand-picked quote. No noise.