Writing a check separates a commitment from a conversation.
Interpretation
Writing a check signifies a formal commitment rather than just a verbal agreement.
Warren Buffett's quote suggests that putting one's money where one's mouth is represents a deeper level of commitment compared to merely discussing intentions. Financial decisions often serve as a concrete manifestation of one's priorities and beliefs, signifying a point of accountability that transcends dialogue.
In practice
In a business meeting discussing future projects, this quote could remind partners of the importance of making financial commitments.
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.
I came to realize that my money problems, worries, and shortages largely began and ended with the person in my mirror. I realized also that if I could learn to manage the character I shaved with every morning, I would win with money.
Whatever there is of greatness in the United States, or indeed in any other country, is due to labor. The laborer is the author of all greatness and wealth. Without labor there would be no government, no leading class, and nothing to preserve.
Let men of all ranks whether they are successful, or unsuccessful, whether they triumph or not; let them do their duty, and rest satisfied.
When you're in championships, it's never about what you do. It's always about what other people do.
Excellence is doing ordinary things extraordinarily well.
Success demands a high level of logistical and organizational competence.
Subscribe for the occasional hand-picked quote. No noise.