Predicting rain doesn't count. Building arks does.
Interpretation
Taking action is more important than merely predicting problems.
This quote emphasizes the importance of proactive measures over mere speculation. It suggests that while it is useful to foresee potential challenges, true effectiveness lies in taking concrete actions to prepare for them rather than just acknowledging their possibility.
In practice
During a motivational speech about entrepreneurship, one might say this quote to inspire taking action.
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.
Depression can be the sand that makes the pearl. Most of my best _x000D_ work came out of it.
Never be in a hurry; do everything quietly and in a calm spirit. Do not lose your inner peace for anything whatsoever, even if your whole world seems upset.
All merely graceful attributes are usually the most evanescent.
...inside every old person is a young person wondering what happened.
Once I gave up the hunt for villains, I had little recourse but to take responsibility for my choices.... Needless to say, this is far less satisfying that nailing villains. It also turned out to be more healing in the end.
Pain serves a purpose. Without it you are in danger. What you cannot feel you cannot take care of.
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