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.
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.
We should live and labor in our time that what came to us as a seed may go to the next generation as blossom, and what came to us as blossom, may go to them as fruit. This is what we mean by progress.
The moment of change is the only poem.
Flow in the living moment. — We are always in a process of becoming and nothing is fixed. Have no rigid system in you, and you’ll be flexible to change with the ever changing. Open yourself and flow, my friend. Flow in the total openness of the living moment. If nothing within you stays rigid, outward things will disclose themselves. Moving, be like water. Still, be like a mirror. Respond like an echo.
I grew up under the politics of my size and my skin. I grew up under the politics of the sound of my voice and a lack of agency, or a feeling of a lack of agency, and not always being able to find myself in images that were in the media.
Change is not made without inconvenience.
History is a process of transformation through conversation. In our efforts to produce change,we often forget how important it is to pay attention to what is being conserved.
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