When forced to choose, I will not trade even a night's sleep for the chance of extra profits.
Interpretation
Value your well-being over material gains.
Warren Buffett emphasizes the importance of prioritizing personal health and well-being over the pursuit of excessive wealth. He suggests that no amount of financial gain is worth sacrificing fundamental needs, such as restful sleep.
In practice
During a financial conference, this quote can be used to remind investors to maintain balance in their lives.
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.
For each illness that doctors cure with medicine, they provoke ten in healthy people by inoculating them with the virus that is a thousand times more powerful than any microbe: the idea that one is ill.
I never waste time looking back.
When you have peace in yourself and accept, then you are calm enough to do something, but if you are carried by despair, there is no hope.
He that struggles with us strengthens our nerves, and sharpens our skill. Our antagonist is our helper.
Ask a man which way he is going to vote, and he will probably tell you. Ask him, however, why, and vagueness is all.
Don’t be vain because you happen to have talent. You are not responsible for that; it was not of your doing. What you do with your talent is what matters.
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