You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.
Interpretation
Saying no is essential to managing your time effectively and prioritizing your own goals.
Warren Buffett emphasizes the importance of personal agency and time management in this quote. He suggests that if you allow others to dictate how you spend your time, you risk losing sight of your own priorities and goals. By learning to say no, you maintain control over your schedule and ensure that you focus on what truly matters to you.
In practice
In a motivational speech about time management.
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.
What happened yesterday is history. What happens tomorrow is a mystery. What we do today makes a difference - the precious present moment.
At least I've had to come to that in my life, to realize that this stuff called failure, this stuff, this debris of historical trauma, family trauma, you know, stuff that can kill your spirit, is actually raw material to make things with and to build a bridge. You can use those materials to build a bridge over that which would destroy you.
Virtue is an angel, but she is a blind one, and must ask Knowledge to show her the pathway that leads to her goal.
If you can get really good at destroying your own wrong ideas, that is a great gift.
The Final Jeopardy! questions seem to be, by design, things you can't know. And so it's not about who knows them, but who can figure them out in thirty seconds.
Everybody has a cartoon of themselves. Mine is: I write very fast, and I'm ruthlessly efficient with my time.
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