The best thing I did was choose the right heroes.
Interpretation
Choosing the right role models can significantly influence one's path to success.
Warren Buffett highlights the importance of selecting the right heroes or role models in one's life. This choice can lead to valuable lessons, inspiration, and guidance that shape an individual’s decisions and ultimately their success in various endeavors.
In practice
Using this quote in a motivational speech to emphasize the impact of mentorship.
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.
Of all the traps and pitfalls in life, self-disesteem is the deadliest, and the hardest to overcome: for it is a pit designed and dug by our own hands, summed up in the phrase, 'It's no use - I can't do it.'
You are inexperienced. So was I, once. So is every man. The measure of a person is not how much they have lived. . . It's in how they make us of what life has shown them.
Where is all the knowledge we lost with information?
Everyone recognizes a distinction between knowledge and wisdom. . . Wisdom is a kind of knowledge. It is knowledge of the nature, career, and consequences of human values. Since these cannot be separated from the human organism and the social scene, the moral ways of man cannot be understood without knowledge of the ways of things and institutions.
Two thoughts cannot coexist at the same time: if the clear light of mindfulness is present, there is no room for mental twilight.
No hour is ever eternity, but it has its right to weep.
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