You only have to do a very few things right in your life so long as you don't do too many things wrong.
Interpretation
Focus on making the right choices while avoiding major mistakes.
Warren Buffett's quote emphasizes that achieving success in life doesn't require perfection in every endeavor. Instead, it suggests that recognizing and consistently executing a few key actions correctly can lead to success, provided that you avoid significant errors that could detract from your goals.
In practice
In a motivational speech about life choices.
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.
In studying the history of the human mind one is impressed again and again by the fact that its growth keeps pace with a widening range of consciousness, and that each step forward is an extremely painful and laborious achievement. One could almost say that nothing is more hateful to man than to give up the smallest particle of unconsciousness. He has a profound fear of the unknown. Ask anybody who has ever tried to introduce new ideas!
The misfortune of the wise is better than the prosperity of the fool.
Is virtue a thing remote? I wish to be virtuous, and lo! Virtue is at hand.
By choosing your thoughts, and by selecting which emotional currents you will release and which you will reinforce, you determine the quality of your Light. You determine the effects that you will have upon others, and the nature of the experiences of your life.
Worry is like rocking in a rocking chair all day, because it keeps you busy but gets you nowhere.
The end of knowledge is power ... the scope of all speculation is the performing of some action or thing to be done.
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