You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
Interpretation
Capitalizing on opportunities is essential, but creativity can be unpredictable.
Warren Buffett expresses the idea that success often hinges on being ready to act when opportunities arise, but he acknowledges that creativity and inspiration can come in waves. There are times when ideas flow abundantly, while other moments may feel stagnant; the key is to remain open and ready to take action when the right moment presents itself.
In practice
During a motivational speech about entrepreneurship.
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.
When you have those two languages - an analytic one like English and a synthetic, very sensual thing like Russian, you get almost a psychotic sense of humanity that permeates nearly everything. It can help you understand, and it can discourage you, because you see how little can be done.
Deny your weakness, and you will never realize God's strength in you.
The third class consists of men to whom nothing seems great but reason. If force interests them, it is not in its exertion, but in that it has a reason and a law. For men of the first class, nature is a picture; for men of the second class, it is an opportunity; for men of the third class, it is a cosmos, so admirable, that to penetrate to its ways seems to them the only thing that makes life worth living. These are the men whom we see possessed by a passion to learn.
Perfection belongs to the Gods; the most _x000D_ we can hope for is excellence.
We cannot truly plan, because we do not understand the future-but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts.
Repressed anger becomes a temporary madness. Something happens which is beyond your control. If you could have controlled, you would have controlled it still -- but suddenly it was overflowing. Suddenly it was beyond you. You couldn't do anything, you felt helpless -- and it came out. Such a person may not be angry, but he moves and lives in anger.
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