You only have to do a very few things right in your life so long as you don't do too many things wrong.
Interpretation
Focus on making the right choices while avoiding major mistakes.
Warren Buffett's quote emphasizes that achieving success in life doesn't require perfection in every endeavor. Instead, it suggests that recognizing and consistently executing a few key actions correctly can lead to success, provided that you avoid significant errors that could detract from your goals.
In practice
In a motivational speech about life choices.
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.
A reputable lawyer will advise you to keep out of the law, make the best of a foolish bargain, and not get caught again.
Professions of humility are the very cream, the very essence of pride; the really humble person wishes to be, and not to appear so. Humility is timorous, and starts at her shadow; and so delicate that if she hears her name pronounced it endangers her existence.
I pointed to the wound. "It's missing," I said. My grandmother smiled, and that was all it took for me to stop seeing the scar, and to recognize her again. "Yes," she said. "But see how much of me is left?
Surely a man has come to himself only when he has found the best that is in him, and has satisfied his heart with the highest achievement he is fit for.
We gain the strength of the temptation we resist.
To be unafraid of the judgement of others is the greatest freedom you can have.
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