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.
Interpretation
Expanding your knowledge through reading is crucial for making informed decisions.
Warren Buffett emphasizes the importance of acquiring knowledge from various sources, particularly through reading. He suggests that by exposing oneself to a wide range of ideas and perspectives, one can better analyze information and arrive at sound conclusions, which is especially relevant in areas such as investing.
In practice
In a motivational speech about lifelong learning, one could quote Buffett to inspire the audience to read more.
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.
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.
Accounting is the language of business.
I began going to juvenile prisons. And some of these kids face some very, very tough lives. How do they handle these lives? Do they even know that if their life is bad, that they're still OK? Do they know that? Do they know that someone is thinking the same way that they're thinking?
It has always been my experience that, whatever groupings I choose for my books, the space in which I plan to lodge them necessarily reshapes my choice and, more important, in no time proves too small for them and forces me to change my arrangement. In a library, no empty shelf remains empty for long. Like Nature, libraries abhor a vacuum, and the problem of space is inherent in the very nature of any collection of books.
Knowing I lov'd my books, he furnish'd me From mine own library with volumes that I prize above my dukedom.
I felt like there was something I needed to do - speaking to kids and sharing my story with them and helping them understand racism has no place in the minds and hearts of children.
What you have been taught by listening to others' words you will forget very quickly; what you have learned with your whole body you will remember for the rest of your life.
All learning begins when our comfortable ideas turn out to be inadequate.
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