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.
It is misleading to imagine that we are developed in spite of our circumstances, for we are developed because of them. It is mastery in circumstances that is needed, not mastery over them.
Can anything be more disgusting than to hear people called 'educated' making small jokes about eating ham, and showing themselves empty of any real knowledge as to the relation of their own social and religious life to the history of the people they think themselves witty in insulting? [...] The best thing that can be said of it is, that it is a sign of the intellectual narrowness—in plain English, the stupidity which is still the average mark of our culture.
Do not call for black power or green power. Call for brain power.
Needing approval is like saying 'your view of me is more important than my own opinion of myself'.
There was madness in any direction, at any hour. You could strike sparks anywhere. There was a fantastic universal sense that whatever we were doing was right, that we were winning.
It's important to remember that people are always doing the best they can, including you.
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