The greatest investment a young person can make is in their own education, in their own mind. Because money comes and goes. Relationships come and go. But what you learn once stays with you forever.
Interpretation
Investing in education is the most valuable decision a young person can make because knowledge endures.
Warren Buffett emphasizes that the most significant investment for a young person is not monetary assets but rather the knowledge they acquire through education. He believes that while financial resources and relationships may be fleeting, the wisdom and understanding gained through learning are permanent, providing a foundation for lifelong growth and success.
In practice
In a graduation speech to inspire young graduates.
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.
Well, I don't know about objectivity, but I know for certain that it's always possible for a professional journalist who understands what he or she's up to to be fair, and that's the key word. Fairness to individuals, fairness to ideas, and to issues and whatever - that is critical, and that is also part and parcel of what the job.
There is nothing so costly as ignorance.
Give a child love, laughter and peace, not AIDS.
But one of the things I have learned during the time I have spent in the United States is an old African American saying: Each one, teach one. I want to believe that I am here to teach one and, more, that there is one here who is meant to teach me. And if we each one teach one, we will make a difference.
We teachers can only help the work going on, as servants wait upon a master.
If women be educated for dependence; that is, to act according to the will of another fallible being, and submit, right or wrong, to power, where are we to stop?
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