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.
Bear in mind that brains and learning, like muscle and physical skill, are articles of commerce. They are bought and sold. You can hire them by the year or by the hour. The only thing in the world not for sale is character.
I don't need a cloak to become invisible.
The great revelation perhaps never did come. Instead there were little daily miracles, illuminations, matches struck unexpectedly in the dark.
That there is something in advice very useful and salutary, seems to be equally confessed on all hands; since even those that reject it, allow for the most part that rejection to be wrong, but charge the fault upon the unskilful manner in which it is given; they admit the efficacy of the medicine, but abhor the nauseousness of the vehicle.
Maturity: Be able to stick with a job until it is finished. Be able to bear an injustice without having to get even. Be able to carry money without spending it. Do your duty without being supervised.
Every tooth in a man's head is more valuable than a diamond.
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