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.
The man who can dominate a London dinner-table can dominate the world.
Wait with patience and love and strength. If helpers are not ready now, they will come in time. Why should we be in a hurry? The real working force of all great work is in its almost unperceived beginnings.
may i be i is the only prayer--not may i be great or good or beautiful or wise or strong today... may i be me....five foot eleven, brown hair/eyed, smart, serious, happy, frustrated, impatient, joyful, running, sleeping, smiling, eating, trying, believing, listening, being & becoming.
The best contribution one can make to humanity is to improve oneself.
An American monkey, after getting drunk on brandy, would never touch it again, and thus is much wiser than most men.
Think occasionally of the suffering of which you spare yourself the sight.
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