Taking jobs to build up your resume is the same as saving up sex for old age.
Interpretation
Building a resume for future opportunities is as misguided as holding back on life experiences for later use.
Warren Buffett's quote suggests that accumulating experiences merely for the purpose of enhancing one's resume is a fruitless endeavor, akin to saving intimate relationships for a future when one may no longer be able to enjoy them. Life is about actively engaging in experiences and relationships now rather than postponing them for later, as opportunities and vitality may diminish with age.
In practice
This quote can be used in a motivational speech to emphasize the importance of living in the moment.
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.
No battle plan survives contact with the enemy.
The truths that I know best I have learned on my knees. I never know a thing well, till it is burned into my heart by prayer.
You have to have a lot of ideas. First, if you want to make discoveries, it's a good thing to have good ideas. And second, you have to have a sort of sixth sense-the result of judgment and experience-which ideas are worth following up. I seem to have the first thing, a lot of ideas, and I also seem to have good judgment as to which are the bad ideas that I should just ignore, and the good ones, that I'd better follow up.
Why did I want to break all the rules? Because the rules didn’t make sense, that’s why
The end of all knowledge should be service to others.
Hegel was right when he said that we learn from history that men never learn anything from history.
Subscribe for the occasional hand-picked quote. No noise.