Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be a more productive than energy devoted to patching leaks.
It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.
The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch.
Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.
Don't get caught up with what other people are doing. Being a contrarian isn't the key but being a crowd follower isn't either. You need to detach yourself emotionally.
You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right.
After 25 years of buying and supervising a great variety of businesses, Charlie and I have not learned how to solve difficult business problems. What we have learned is to avoid them.
You only have to do a very few things right in your life so long as you don't do too many things wrong.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.
The only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: 'I'll buy a million dollars' worth of love.' But it doesn't work that way. The more you give love away, the more you get.
Connect with
Login with Facebook