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.
Oneβs objective should be to get it right, get it quick, get it out and get it over. Your problem wonβt improve with age.
Accounting is the language of business.
There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."
Never make fun of someone who speaks broken English. It means they know another language.
Speak English!' said the Eaglet. 'I don't know the meaning of half those long words, and I don't believe you do either!
What do we teach our children? . . . We should say to each of them: Do you know what you are? You are a marvel. You are unique . . . You may become a Shakespeare, a Michelangelo, a Beethoven. You have the capacity for anything.
My parents would say to me, 'You can teach yourself anything better than someone else can teach it to you.' That was the whole ethos of my family.
People say Malala's voice is being sold to the world. But I see it as Malala's voice reaching the world and resonating globally. You should think about what is behind Malala's voice. What is she saying? I am only talking about education, women's rights, and peace.
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