Thoughts from Warren Buffett
Posted by Robin Helweg-Larsen on Wed, Jul 14, 2010 @ 10:51 AM
Warren Buffett, one of the richest men in the world despite giving billions of dollars away, is known for a nice turn of phrase, with an emphasis on down-to-earth thinking. Here are a few of his thoughts:
“I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing.”
He likes simplicity: “The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
“Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.”
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
He makes solid investing sound sexy: “Why not invest your assets in the companies you really like? As Mae West said, “Too much of a good thing can be wonderful”.”
And, last, my favorite: “Can you really explain to a fish what it’s like to walk on land? One day on land is worth a thousand years of talking about it, and one day running a business has exactly the same kind of value.”
This captures the spirit of Income/Outcome and the work we do at Andromeda Training every day. Nicely said, Mr. Buffett.