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.
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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.
Those who enter the gates of heaven are not beings who have no passions or who have curbed the passions, but those who have cultivated an understanding of them.
A good reputation is something that must be earned, yet can never be bought.
The silence is so intense that you can hear your own blood roar in your ears but louder than that by far is the mysterious roar which I alwas identify with the roaring of the diamond wisdom, the mysterious roar of silence itself, which is a great Shhhh reminding you of something you've seemed to have forgotten in the stress of your days since birth.
One paradox of professional writing is that books written solely for money and/or acclaim will almost never be good enough to garner either.
Popular opinions, on subjects not palpable to sense, are often true, but seldom or never the whole truth.
In silence, we are better able to listen to and understand ourselves; ideas come to birth and acquire depth... Deeper reflection helps us to discover the links between events that at first sight seem unconnected... For this to happen, it is necessary to develop an appropriate environment, a kind of 'eco-system' that maintains a just equilibrium between silence, words, images and sounds.
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