You do things when the opportunities come along. I've had periods in my life when I've had a bundle of ideas come along, and I've had long dry spells. If I get an idea next week, I'll do something. If not, I won't do a damn thing.
Interpretation
Capitalizing on opportunities is essential, but creativity can be unpredictable.
Warren Buffett expresses the idea that success often hinges on being ready to act when opportunities arise, but he acknowledges that creativity and inspiration can come in waves. There are times when ideas flow abundantly, while other moments may feel stagnant; the key is to remain open and ready to take action when the right moment presents itself.
In practice
During a motivational speech about entrepreneurship.
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.
Choosing to take responsibility for ourselves and for the consequences our choices create looks like hard work, but it really sets us free.
An army of principles will penetrate where an army of soldiers cannot.
Criticism does not make you smarter or better than the one you are criticizing. In fact, the stuff you are critical of in others is the same stuff you don't like about yourself.
The real meaning of the spoken word has to be demonstrated by practical deeds
You don't have to say anything. You don't have to teach anything. You just have to be who you are: a bright flame shining in the darkness of despair, a shining example of a person able to cross bridges by opening your heart and mind.
Virtue knows that it is impossible to get on without compromise, and tunes herself, as it were, a trifle sharp to allow for an inevitable fall in playing.
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