Good profits simply are not inconsistent with good behavior.
Interpretation
Profits can be achieved while maintaining ethical behavior in business.
Warren Buffett emphasizes the idea that ethical business practices and generating good profits can coexist. He suggests that making a profit doesn't require unethical behavior; instead, businesses can thrive profitably while also being responsible and acting in the best interests of society.
In practice
In a business conference discussing sustainable practices, one might say, 'As Warren Buffett once said, good profits simply are not inconsistent with good behavior, emphasizing the importance of ethics in our business strategies.'
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.
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.
There's a place in you that you must keep inviolate. You must keep it pristine. Clean. So that nobody has a right to curse you or treat you badly. Nobody. No mother, father, no wife, no husband, no-nobody. You have to have a place where you say: 'Stop it. Back up. Don't you know I'm a child of God?
The best way to find out whether you're on the right path? Stop looking at the path.
Even as wisdom often comes from the mouths of babes, so does it often come from the mouths of old people. The golden rule is to test everything in the light of reason and experience, no matter from where it comes.
Whatever someone did to you in the past has no power over the present. Only you give it power.
The Buddha compared anger with picking up hot coals with one's bare hands and trying to throw them at the person with whom one is angry. Who gets burned first? The one who is angry of course.
How can we embrace rest and play if we've tied our self-worth to what we produce?
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