It's waiting that helps you as an investor and a lot of people just can't stand to wait.If you didn't get the deferred -gratification gene, you've got to work very hard to overcome that.
the most famous composer in the world but was utterly miserable most of the time, and of the reasons was because he always overspent his income.This was Mozart.If Mozart couldn't get by with this kind of asinine conduct, I don't think you should try.
I've seen so much folly and stupidity on the part of our major philanthropic groups, including the world bank.I really have more confidence in building up the more capitalistic ventures like Costco.
We both (Warren Buffett) insist on a lot of time being available almost every day to just sit and think.That is very uncommon in American business.We read and think.
Ninety-nine percent of the troubles that threaten our civilization come from too optimistic, therefore we should have a system where the accounting is a way more conservative.
A lot of people think if you just had more process and more compliance- checks and double-checks and so forth-you could create a better world.We just try to operate in a seamless web of deserved trust and be careful of whom we trust.