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.
Interpretation
Expanding your knowledge through reading is crucial for making informed decisions.
Warren Buffett emphasizes the importance of acquiring knowledge from various sources, particularly through reading. He suggests that by exposing oneself to a wide range of ideas and perspectives, one can better analyze information and arrive at sound conclusions, which is especially relevant in areas such as investing.
In practice
In a motivational speech about lifelong learning, one could quote Buffett to inspire the audience to read more.
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.
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.
One’s objective should be to get it right, get it quick, get it out and get it over. Your problem won’t improve with age.
Accounting is the language of business.
In the 2013 Economists Program, we hired 51 percent women, 49 percent men. And the reason for that is that we have a draft from all over the world, and we've hired, for instance, in that group, a good number of Chinese economists - highly qualified, all Ph.D.s from the best universities of the world. And guess what? They're all women.
Education must enable one to sift and weigh evidence, to discern the true from the false, the real from the unreal, and the facts from the fiction.
whenever I read a passage that moves me, I transcribe it in my diary, hoping my fingers might learn what excellence feels like.
Here's the thing: If you don't want your kids to read a book, fine. You can tell them not to read a book, and maybe they will and maybe they won't. But you can't say what other kids can read.
My system is to be considered a system leading up, in a general way, to education. It can be followed not only in the education of little children from three to six years of age, but can be extended to children up to ten years of age.
Every woman needs to know when she's being discriminated against and what the reasons are why she isn't getting equal pay so we can close that pay gap.
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