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?
Warren BuffettRead
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.
Interpretation
What this quote means
The quote emphasizes the value of investing in assets that are productive rather than passive.
Warren Buffett highlights the importance of investing in profitable ventures that generate continuous income ('laying eggs') as opposed to holding onto assets that do not provide value or returns over time. By drawing comparisons to companies like Coca-Cola and Wells Fargo, he illustrates his belief in prioritizing investments that actively contribute to wealth creation.
Themes
InvestmentProfitsAssetsWealthIncome
In practice
Example use cases
Use this quote when discussing investment strategies at a financial seminar.
More from Warren Buffett
All quotes →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.
Warren BuffettRead
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.
Warren BuffettRead
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.
Warren BuffettRead
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.
Warren BuffettRead
Accounting is the language of business.
Warren BuffettRead
Similar quotes
may my heart always be open to little birds who are the secrets of living whatever they sing is better than to know and if men should not hear them men are old may my mind stroll about hungry and fearless and thirsty and supple and even if it's sunday may i be wrong for whenever men are right they are not young and may myself do nothing usefully and love yourself so more than truly there's never been quite such a fool who could fail pulling all the sky over him with one smile
E. E. CummingsRead
The opposite of Prosperity is not poverty. It is anxiety.
Julia CameronRead
I must try to be alone for part of each year...and part of each day...in order to keep my core, my center...Women must be still as the axis of a wheel in the midst of her activities. She must be the pioneer of achieving this stillness, not only for her own salvation, but for the salvation of family life, of society, perhaps even of our civilization.
Anne Morrow LindberghRead
A master blesses calamity, for the master knows that from the seeds of disaster (and all experience) comes the growth of self.
Neale Donald WalschRead
Self-publishing provides more freedom and control, but it also provides more risk. Publishing provides more credibility and promotion, but your vision can also get lost in the bureaucratic machinery of the business. It's a tough decision to make.
Mark MansonRead
The course of our lives is determined by how we react--what we decide and what we do--at the darkest of times. The nature of that response determines a person's true worth and greatness.
Daisaku IkedaRead