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.
Half of your power lies in your sameness with others. The other half lies in your uniqueness.
At 46 one must be a miser; only have time for essentials.
Do not say things. What you are stands over you the while, and thunders, so that I cannot hear what you say to the contrary.
Force a hand, the voice warned, and it will fight you. But convince a mind to think as you want it to think, and you have an ally.
My colleagues and I took a stand in our work several years ago that we would not look for the magic bullet, because there is none. These are just basic problems requiring basic work. Nothing magic about it.
The sinners to whom Jesus directed His messianic ministry were not those who skipped morning devotions or Sunday church. His ministry was to those whom society considered real sinners. They had done nothing to merit salvation. Yet they opened themselves to the gift that was offered them. On the other hand, the self-righteous placed their trust in the works of the Law and closed their hearts to the message of grace.
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