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.
Interpretation
Act promptly and correctly to solve problems before they worsen.
Warren Buffett emphasizes the importance of taking timely and effective action in addressing issues. He suggests that procrastination or delaying decisions only allows problems to escalate, thus advocating for a proactive approach in both personal and professional matters.
In practice
In a business meeting discussing project deadlines, this quote could stress the need for efficient decision-making.
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.
Accounting is the language of business.
There is a thing called knowledge of the world, which people do not have until they are middle-aged. It is something which cannot be taught to younger people, because it is not logical and does not obey laws which are constant. It has no rules. Only, in the long years which bring women to the middle of life, a sense of balance develops...when she is beginning to hate her used body, she suddenly finds that she can do it. She can go on living.
Humbleness, forgiveness, clarity and love are the dynamics of freedom. They are the foundations of authentic power.
Great souls are not those who have fewer passions and more virtues than others, but only those who have greater designs.
What a good thing Adam had. When he said a good thing he knew nobody had said it before.
He only wishes there were something that would heal the scars in his mind, which he can still feel. He sees his mind now as an archipelago of islands that he labors to build bridges between - and while he's had great success engineering the most spectacular of bridges, he suspects there are some islands that he'll never reach.
It seems like many people think that if you drive yourself crazy, then you can write. I’m absolutely not interested in that. It made sense to me to be as whole and well as I could be, and as happy. I wanted to see what a fortunate life would produce. What writing would come out of a mind that didn’t try to torment itself? What did I have to know? What did I have to do rather than what can I torment and bend myself into doing? What was the fruit on that tree?
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