A great investment opportunity occurs when a marvelous business encounters a one-time huge, but solvable problem.
Interpretation
A prime investment is found when a strong business faces a significant yet manageable challenge.
Warren Buffett emphasizes that the best investment opportunities arise when robust businesses encounter large problems that can be effectively addressed. This suggests that discerning investors can capitalize on obstacles faced by successful companies, turning potential setbacks into lucrative chances for profit.
In practice
In a business seminar to illustrate the potential in challenges.
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.
Money is a good thing, but every morning you have to get up with something no one else in the world gets up with - that's that image. That face you see in the mirror, you got to love it, and you better do some things that you feel good about inside of you. Of course, money is going to come, but make certain that you do some good with it.
Social entrepreneurs are not content just to give a fish or teach how to fish. They will not rest until they have revolutionized the fishing industry.
One minute I'm robbing a dope house. Next minute I'm the youngest heavyweight champion of the world. I'm only 20, 19, with a lot of money. Who am I? What am I? I don't even know who I am. I'm just a dumb child who's being abused and robbed by lawyers. I'm just a dumb pugnacious fool. I'm just a fool who thinks he's someone. Then you tell me I should be responsible.
There is no success without sacrifice. If you succeed without sacrifice it is because someone has suffered before you. If you sacrifice without success it is because someone will succeed after.
It doesn't matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.
As counterintuitive as it sounds, 'speed to fail' should be every entrepreneur's motto. Success isn't born wholly-formed like Venus from a clamshell; it's developed through relentless trial and error.
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