Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
Interpretation
It's often more effective to change your situation than to try to fix problems in a bad one.
Warren Buffett's quote emphasizes the importance of recognizing when a situation is untenable and advocating for a proactive change rather than futile attempts to fix deep-rooted issues. It suggests that sometimes, especially in business or life decisions, it is more beneficial to seek new opportunities instead of expending energy on correcting problems that are unlikely to resolve satisfactorily.
In practice
In a team meeting discussing project challenges, this quote can be used to advocate for a new project approach.
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.
The natural cure for an ill-administration, in a popular or representative constitution, is a change of men.
People say to you, 'you've changed', or something like that, well, I hope, for the sake of God, that you have changed, because I don't want to be the same person all my life. I want to be growing, I want to be expanding. I want to be changing. Because animate things change, inanimate things don&'t change. Dead things don't change. And the heart should be alive, it should be changing, it should be moving, it should be growing, its knowledge should be expanding.
Black and Third World people are expected to educate white people as to our humanity. Women are expected to educate men. Lesbians and gay men are expected to educate the heterosexual world. The oppressors maintain their position and evade their responsibility for their own actions. There is a constant drain of energy which might be better used in redefining ourselves and devising realistic scenarios for altering the present and constructing the future.
What we want to be is something completely new. There is no physical analog for what Amazon.com is becoming.
People are very hungry for something new. I think they are interested in being called to be a part of something larger than the sort of small, petty, slash-and-burn politics that we have been seeing over the last several years.
Sometimes we are blessed with being able to choose the time, and the arena, and the manner of our revolution, but more usually we must do battle where we are standing.
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