Games are won by players who focus on the playing field -- not by those whose eyes are glued to the scoreboard.
Interpretation
Focus on the process rather than the outcome to achieve success.
Warren Buffett emphasizes the importance of concentrating on the task at hand, or the process of playing the game, instead of fixating on the end results. This approach encourages players to improve their skills and performance, fostering a mindset that values effort and dedication over mere results.
In practice
In a motivational speech to students about achieving their goals.
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.
I won from Mr. Jeffries because I outclassed him in every department of the fighting game. Before I entered the ring I was certain I would be the victor. I never changed my mind at any time.
Success is choosing to enter the arena of action, determined to give yourself to the cause that will better humanity and last for eternity.
I'm at the top of my game so, when I win or lose, I don't freak out...I don't think we can call it a rivalry yet. There's just to many great players around.
From nobody to upstart. From upstart to contender. From contender to winner. From winner to champion. From champion to Dynasty.
As a negotiator, you should strive for a reputation of being fair. Your reputation precedes you. Let it precede you in a way that paves success.
The life which men praise and regard as successful is but one kind. Why should we exaggerate any one kind at the expense of the others?
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