Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.
Interpretation
Focus on the process rather than the outcome to achieve success.
Warren Buffett emphasizes the importance of concentrating on the task at hand, or the process of playing the game, instead of fixating on the end results. This approach encourages players to improve their skills and performance, fostering a mindset that values effort and dedication over mere results.
In practice
In a motivational speech to students about achieving their goals.
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.
Riches do not come by crossing your fingers and walking through the day hoping. Riches and wealth comes from well-laid plans.
For centuries, New York has served as the gateway for millions of people from all over the world in search of the American dream. It only makes sense that it would now serve as a gateway for the world's greatest athletes.
Money won't create success, the freedom to make it will.
The Oscar is very beautiful, utterly mesmeric, but I don't feel any more important because I have won one. It doesn't mean I'm any better than anyone.
My definition of success is to live your life in a way that causes you to feel a ton of pleasure and very little pain - and because of your lifestyle, have the people around you feel a lot more pleasure than they do pain.
I only have one superstition: I make sure to touch all the bases when I hit a home run.
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