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.
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.
They shall not be expected to acknowledge us until we have acknowledged ourselves.
But do you remember Gandalf’s words: Even Gollum may have something yet to do? But for him, Sam, I could not have destroyed the Ring. The Quest would have been in vain, even at the bitter end. So let us forgive him! For the Quest is achieved, and now all is over. I am glad you are here with me. Here at the end of all things, Sam
With fools, there is no companionship. Rather than to live with men who are selfish, vain, quarrelsome, and obstinate, let a man walk alone.
It is awfully hard work doing nothing.
I have not much patience with a certain class of Christians nowadays who will hear anybody preach so long as they can say, 'He is very clever, a fine preacher, a man of genius, a born orator.' Is cleverness to make false doctrine palatable? Why, sirs, to me the ability of a man who preaches error is my sorrow rather than my admiration.
Low self-esteem is like driving through life with your hand-brake on.
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