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.
What care I if it be "wild and improbable" and "lacking in literary art"? I refuse to be any longer hampered by such canons of criticism. The one essential thing I demand of a book is that it should interest me. If it does, I forgive it every other fault.
The assault of our enemies is not part of our life; it is only part of our experience; we throw it off and guard ourselves against it as against frost, storm, rain, hail, or any other of the external evils which may be expected to happen.
It took me 10 years to realize that I don't know 'em, 10 years to realize that it's possible to learn them, then another 10 years to learn how to do things.
My four articles of faith: clarity, simplicity, brevity and humanity.
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?
Whenever the devil harasses you, seek the company of men or drink more, or joke and talk nonsense, or do some other merry thing. Sometimes we must drink more, sport, recreate ourselves, and even sin a little to spite the devil, so that we leave him no place for troubling our consciences with trifles. We are conquered if we try too conscientiously not to sin at all. So when the devil says to you: do not drink, answer him: I will drink, and right freely, just because you tell me not to.
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