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.
When I was an orphan, I was the richest kid at the orphanage because everyone else was complaining about not having anything. But when I discovered that you could get two cents for a Coca-Cola bottle, I would follow people around who were drinking it and ask them if they were almost through with it.
Virtue knows that it is impossible to get on without compromise, and tunes herself, as it were, a trifle sharp to allow for an inevitable fall in playing.
He was marked out by his relentless ability to find fault with others' mediocrity - suggesting that a certain type of intelligence may be at heart nothing more or less than a superior capacity for dissatisfaction.
When you're being asked to think about the meaning of your intuitions before you act on them, maybe along the way you decide your intuitions are destructive or make no sense at all. And then you don't act on them.
Numb the dark and you numb the light.
It is as commendable to think well of oneself when alone, as it is ridiculous to speak well of oneself among others.
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