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.
Interpretation
Act promptly and correctly to solve problems before they worsen.
Warren Buffett emphasizes the importance of taking timely and effective action in addressing issues. He suggests that procrastination or delaying decisions only allows problems to escalate, thus advocating for a proactive approach in both personal and professional matters.
In practice
In a business meeting discussing project deadlines, this quote could stress the need for efficient decision-making.
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.
Accounting is the language of business.
I suppose the thing I most would have liked to have known or been reassured about is that in the world, what counts more than talent, what counts more than energy or concentration or commitment, or anything else - is kindness. And the more in the world that you encounter kindness and cheerfulness - which is its kind of amiable uncle or aunt - the better the world always is. And all the big words: virtue, justice, truth - are dwarfed by the greatness of kindness.
I have made it a rule of my life to trust a man long after other people gave him up, but I don't see how I can ever trust any human being again.
Ecstasy is from the contemplation of things vaster than the individual and imperfectly seen perhaps, by all those that still live.
Doubt, the essential preliminary of all improvement and discovery, must accompany the stages of man's onward progress. The faculty of doubting and questioning, without which those of comparison and judgment would be useless, is itself a divine prerogative of the reason.
The height of cleverness is to be able to conceal it.
Wherever you go in the midst of movement and activity, carry your stillness with you. Then the chaotic movement around you will never overshadow your access to the reservoir of creativity, the field of pure potentiality.
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