Predicting rain doesn't count. Building arks does.
Interpretation
Taking action is more important than merely predicting problems.
This quote emphasizes the importance of proactive measures over mere speculation. It suggests that while it is useful to foresee potential challenges, true effectiveness lies in taking concrete actions to prepare for them rather than just acknowledging their possibility.
In practice
During a motivational speech about entrepreneurship, one might say this quote to inspire taking action.
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 don't trust my inner feelings, inner feelings come and go.
The possible's slow fuse is lit by the Imagination.
We acknowledge but one motive - to follow the truth as we know it, whithersoever it may lead us; but in our heart of hearts we are well assured that the truth which has made us free, will in the end make us glad also.
Put aside your need for a step-by-step manual and instead realize that analogies are your best friend.
Eating constitutes the greatest obstacle to self-control; it gives rise to indolence.
Patience serves us against insults precisely as clothes do against the cold. For if you multiply your garments as the cold increases, that cold cannot hurt you; in the same way increase your patience under great offenses, and they cannot hurt your feelings.
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