The best thing I did was choose the right heroes.
Interpretation
Choosing the right role models can significantly influence one's path to success.
Warren Buffett highlights the importance of selecting the right heroes or role models in one's life. This choice can lead to valuable lessons, inspiration, and guidance that shape an individual’s decisions and ultimately their success in various endeavors.
In practice
Using this quote in a motivational speech to emphasize the impact of mentorship.
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.
This is the key to life: the ability to reflect, the ability to know yourself, the ability to pause for a second before reacting automatically. If you can truly know yourself, you will begin the journey of transformation.
The therapist does not treat patients by simply giving them another set of beliefs. He or she tries to help them see which kinds of ideas and beliefs have led to their suffering. Many patients want to get rid of their painful feelings, but they do not want to get rid of their beliefs, the viewpoints that are the very roots of their feelings.
I had always been feeling uncomfortable in my mind about giving advice to others and not acting upon it myself.
I know what it means to go to the stream to fetch water... what it means when people are poor and don't have enough to eat. It's not enough to say you know about poverty. You have to live it.
We've got a generation now who were born with semiequality. They don't know how it was before, so they think, this isn't too bad. We're working. We have our attache' cases and our three piece suits. I get very disgusted with the younger generation of women. We had a torch to pass, and they are just sitting there. They don't realize it can be taken away. Things are going to have to get worse before they join in fighting the battle.
Run my dear,_x000D_ From anything_x000D_ That may not strengthen_x000D_ Your precious budding wings.
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