Too often, a vast collection of possessions ends up possessing its owner. The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
Interpretation
True wealth lies not in possessions, but in the value of friendships.
Warren Buffett emphasizes that material possessions can become burdensome and can control a person instead of providing true happiness or fulfillment. He advocates for valuing friendships, which he considers to be far more important than any physical assets, asserting that health and meaningful relationships are what truly contribute to a rich and rewarding life.
In practice
During a speech about success, you might use this quote to highlight the importance of relationships over material wealth.
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 like taking the sun out of the world, to bereave human life of friendship.
Those final weeks, spanning end of summer and the beginning of another autumn, are blurred in memory, perhaps because our understanding of each other had reached that sweet depth where two people communicate more often in silence than in words: an affectionate quietness replaces the tensions, the unrelaxed chatter and chasing about that produce a friendship’s more showy, more, in the surface sense, dramatic moments.
As hard as it is and as tired as I am, I force myself to get dinner at least once a week with my girlfriends, or have a sleepover. Otherwise my life is just work.
One's friends are that part of the human race with which one can be human.
But friendship is precious, not only in the shade, but in the sunshine of life, and thanks to a benevolent arrangement the greater part of life is sunshine.
Did I miss?" you asked. "You didn't exactly miss," said Pooh, "But you missed the balloon." "I'm so sorry," you said, and you fired again, and this time you hit the balloon and the air came slowly out, and Winnie-the-Pooh floated down to the ground.
Subscribe for the occasional hand-picked quote. No noise.