Uncertainty is the friend of the buyer of long term values.
Interpretation
Embracing uncertainty can lead to wise long-term investments.
Warren Buffett's quote highlights that in times of uncertainty, savvy buyers can discover and acquire long-term valuable assets at lower prices. This perspective suggests that rather than fearing unpredictability, investors can leverage it to make thoughtful decisions that yield significant rewards over time.
In practice
During a financial seminar, one might say, 'As Warren Buffett wisely noted, uncertainty is the friend of the buyer of long term values.'
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.
The path of compassion leads to the development of insight. But it doesn't work to say, "Ready, set, go! Be compassionate!" Beginning any practice depends on intention. Intention depends on intuiting-at least a little bit-the suffering inherent in the human condition and the pain we feel, and cause, when we act out of confusion. It also depends on trusting-at least a little bit-in the possibility of a contented, satisfied mind.
Anything that is secret and mysterious in this system of Yoga should be at once rejected. The best guide in life is strength. In spirituality, as in all other matters, discard everything that weakens you. Have nothing to do with it. Mystery-mongering weakens the human brain. It has well-nigh destroyed Yoga, one of the grandest of sciences
In everything one must consider the end.
It doesn't matter how long we may have been stuck in a sense of our limitations. If we go into a darkened room and turn on the light, it doesn't matter if the room has been dark for a day, a week, or ten thousand years - we turn on the light and it is illuminated. Once we control our capacity for love and happiness, the light has been turned on.
Walking humbly, you are more of a man than you were when you walked proudly.
I think that's the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.
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