We always live in an uncertain world. What is certain is that the United States will go forward over time.
Interpretation
While uncertainty is inherent in life, progress is a certainty for the United States.
Warren Buffett reflects on the nature of uncertainty in the world, emphasizing that despite the unpredictable aspects of life and society, there is a steadfast belief in the United States' ability to progress and evolve over time. This perspective encourages resilience and optimism in the face of challenges.
In practice
During a motivational speech about overcoming challenges in 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.
I always thought I was Jeanne d'Arc and Bonaparte. How little one knows oneself.
We are at heart so profoundly anarchistic that the only form of state we can imagine living in is Utopian; and so cynical that the only Utopia we can believe in is authoritarian.
The metaphor for Palestine is stronger than the Palestine of reality.
I suspect that religion is a necessary evil in the childhood of our particular species. And that's one of the interesting things about contact with other intelligences: we could see what role, if any, religion plays in their development. I think that religion may be some random by-product of mammalian reproduction. If that's true, would non-mammalian aliens have a religion?
Nothing weighs on us so heavily as a secret.
You can’t crush ideas by suppressing them. You can only crush them by ignoring them. By refusing to think, refusing to change.
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