A newspaper that reduces its coverage of the news important to its community is certain to reduce its readership as well
Interpretation
A decrease in news coverage leads to a decrease in readership.
Warren Buffett highlights the critical role that comprehensive and relevant news coverage plays in sustaining a newspaper's readership. When a publication fails to adequately cover news that matters to its community, it risks alienating its audience, leading to a decline in readership and relevance.
In practice
In a speech about the importance of local journalism, one could use this quote to emphasize its role in community engagement.
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 are cultural biases built into testing, and that was one of the motivations for the concept of affirmative action - to try to balance out those effects.
Denying a child even at birth an opportunity for the full expression of its innate genetic potential for physical and mental development is the cruellest form of inequity.
I read in the newspapers they are going to have 30 minutes of intellectual stuff on television every Monday from 7:30 to 8. to educate America. They couldn't educate America if they started at 6:30.
Children who are respected learn respect. Children who are cared for learn to care for those weaker than themselves. Children who are loved for what they are cannot learn intolerance. In an environment such as this, they will develop their own ideals, which can be nothing other than humane, since they grew out of the experience of love.
The attention span of children may be one of the main reasons why an immersion in on-screen reading is so engaging, and it may also be why digital reading may ultimately prove antithetical to the long-in-development, reflective nature of the expert reading brain as we know it.
So many organizations have a mentoring arm, but they don't really do it. Their idea of mentoring a kid is giving them general advice. But what they need to do is read with children.
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