Money is not everything. Make sure you earn a lot before speaking such nonsense.
Interpretation
The quote emphasizes the importance of financial success while acknowledging that money alone doesn't equate to life's true values.
Warren Buffett's quote highlights the duality of money in our lives. While it's essential to earn enough to enjoy financial stability and abundance, one must also recognize that there are more important aspects of life beyond wealth. The caution against dismissing this belief without having substantial financial experience serves as a reminder that wealth should be pursued, but not at the expense of other values and meanings in life.
In practice
In a motivational speech about balancing life priorities, you might say, 'Remember, money is not everything. Make sure you earn a lot before speaking such nonsense.'
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.
There is plenty of time to argue with new ideas later. They key is to take careful notes first and debate second.
If you want to be wisely selfish, care for others
Here I am, fifty-eight, and I still don't know what I'm going to be when I grow up.
We have a lot of anxieties, and one cancels out another very often.
The most common cause of fear of old age is associated with the possibility of poverty.
A book is proof that humans are capable of working magic.
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