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.
Your mind must become one, do not try to understand with your ears but with your heart. Indeed, not with your heart but with your soul.
That sometimes human beings have to just sit in one place and, like, hurt. That you will become way less concerned with what other people think of you when you realize how seldom they do. That there is such a thing as raw, unalloyed, agendaless kindness. That it is possible to fall asleep during an anxiety attack. That concentrating on anything is very hard work.
At this moment, life is trying to love you and give to you in a million wonderful ways. When you say Yes, you allow love to flow, which is the greatest gift you can give yourself and the universe . . . What do you want that you could be more open to receiving?
And when I read, and really I do not read so much, only a few authors, - a few men that I discovered by accident - I do this because they look at things in a broader, milder and more affectionate way than I do, and because they know life better, so that I can learn from them.
The emergence and blossoming of understanding, love, and intelligence has nothing to do with any tradition, no matter how ancient or impressive-it has nothing to do with time. It happens on its own when a human being questions, wonders, inquires, listens, and looks without getting stuck in fear, pleasure, and pain. When self-concern is quiet, in abeyance, heaven and earth are open.
I've told several writers this, and, again, I get back to it, but if you want to make God smile, tell him your plans.
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