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.
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.
It is the duty of all teachers, and of teachers of mathematics in particular, to expose their students to problems much more than to facts.
Instead of going to Paris to attend lectures, go to the public library, and you won't come out for twenty years, if you really wish to learn.
And I’ve said this all across the country when I talk to parents about education, government has to fulfill its obligations to fund education, but parents have to do their job too. We’ve got to turn off the TV set, we’ve got to put away the video game, and we have to tell our children that education is not a passive activity, you have to be actively engaged in it. If we encourage that attitude and our community is enforcing it, I have no doubt we can compete with anybody in the world.
There's a part of me that's trying to represent kids that don't necessarily have the same outlet that I have. I'm not looking towards a new demographic. I'm looking towards the demographic I came from.
Books are masters who instruct us without rods or ferules, without words or anger, without bread or money. _x000D_ If you approach them, they are not asleep; If you seek them, they do not hide; _x000D_ If you blunder, they do not scold; if you are ignorant, they do not laugh at you.
No one can become really educated without having pursued some study in which he took no interest- for it is a part of education to learn to interest ourselves in subjects for which we have no aptitude.
Subscribe for the occasional hand-picked quote. No noise.