When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
Interpretation
Value your well-being over material gains.
Warren Buffett emphasizes the importance of prioritizing personal health and well-being over the pursuit of excessive wealth. He suggests that no amount of financial gain is worth sacrificing fundamental needs, such as restful sleep.
In practice
During a financial conference, this quote can be used to remind investors to maintain balance in their lives.
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.
Listen carefully to first criticisms made of your work. Note just what it is about your work that critics don't like - then cultivate it. That's the only part of your work that's individual and worth keeping.
I have learned to live each day as it comes, and not to borrow trouble by dreading tomorrow.
He was no longer scared of what tomorrow might bring because yesterday has brought it.
If you want to be respected by others, the great thing is to respect yourself. Only by that, only by self-respect will you compel others to respect you.
When it feels like we need to choose between being right and being humble- pick both
Rid of craving and without clinging, an expert in the study of texts, and understanding the right sequence of the words, he may indeed be called "In his last body", "Great in wisdom" and a "Great man."
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