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.
We have to think about affirmative action and craft it in such a way where some of our children, who are advantaged, aren't getting more favorable treatment than a poor white kid who struggled more.
If you really want to change a culture to empower women improve basic hygiene and health care and fight high rates of infant mortality the answer is to educate girls.
Next in importance to freedom and justice is popular education, without which neither freedom nor justice can be permanently maintained.
Learning is pleasurable but doing is the height of enjoyment.
I never heard of anyone who was really literate or who ever really loved books who wanted to suppress any of them. Censors only read a book with great difficulty, moving their lips as they puzzle out each syllable, when someone tells them that the book is unfit to read.
When passions and appetites are stronger than the intellect, men are savages; when the intellect governs the passions, when the passions are servants, men are civilized. The people need education - facts - philosophy.
Subscribe for the occasional hand-picked quote. No noise.