The best investment you can make, is an investment in yourself... The more you learn, the more you'll earn.
Interpretation
Investing in your personal development leads to greater rewards in life and career.
Warren Buffett emphasizes the importance of self-investment through education and personal development. By acquiring knowledge and skills, individuals increase their potential for success and financial rewards, underscoring that one's greatest asset is oneself and continuous learning is a crucial pathway to achieving financial and personal growth.
In practice
During a motivational speech at a university graduation, one could use this quote to encourage graduates to pursue continuous learning.
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.
Indeed, I am very sorry to be right in this instance. I would much rather have been merry than wise.
There's a way that the force of disappointment can be alchemized into something that will paradoxically renew you.
...when we are comfortable and inattentive, we run the risk of committing grave injustices absentmindedly.
Remember: you are the only person who thinks in your mind! You are the power and authority in your world.
The proverb says that 'The answer to a fool is silence'. Observation, however, indicates that almost any other answer will have the same effect in the long run.
[her] mind blackens. The blackness is not a thought, but if it could be pressed into a thought, if a chemical from a dropper could be dripped onto it causing its color and essence to become visible, it would take the shape of this sentence: Why does no one want me?
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