Emotional makeup is more important than technical skill
Interpretation
Emotional intelligence and personal qualities outweigh technical abilities in determining success.
Warren Buffett's quote emphasizes the significance of emotional makeup over mere technical skills in achieving success. It suggests that personal qualities like resilience, empathy, and social awareness contribute more profoundly to a person's effectiveness and impact, especially in leadership and collaborative environments.
In practice
In a seminar about career growth, one might use this quote to inspire others to focus on their interpersonal skills.
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.
The essence of practice is always the same: instead of falling prey to a chain reaction of revenge or self-hatred, we gradually learn to catch the emotional reaction and drop the story lines.
Ignorance is a blank sheet, on which we may write; but error is a scribbled one, on which we must first erase.
Acquire wisdom from the story of those who have already passed.
Well-being and happiness never appeared to me as an absolute aim. I am even inclined to compare such moral aims to the ambitions of a pig.
Clever talk can confound the workings of virtue, just as small impatiences can confound great projects.
The biggest mistake a woman can make is not to be herself in public or private.
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