In a growth mindset, challenges are exciting rather than threatening. So rather than thinking, oh, I’m going to reveal my weaknesses, you say, wow, here’s a chance to grow.
If you create incredible value and information for others that can change their lives – and you always stay focused on that service – the financial success will follow.
People can’t do something themselves, they want to tell you that you can’t do it. You want something? Go get it.
Remember why you started, remember where you’re headed, think of how great it will be to get there, and keep going.
It’s not about ideas. It’s about making ideas happen.
Investing isn’t about beating others at their game. It’s about controlling yourself at your own game.
A great company is not a great investment if you pay too much for the stock.
In the short run, the market is a voting machine, but in the long run it is a weighing machine.
The investor’s chief problem – and even his worst enemy – is likely to be himself.
Great investing requires a lot of delayed gratification.
Most people are too fretful; they worry too much. Success means being very patient, but aggressive when it’s time.
Those who keep learning, will keep rising in life.
Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer.
If you buy something because it’s undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That’s hard. But if you buy a few great companies, then you can sit on your ass. That’s a good thing.
Opportunity cost is a huge filter in life. If you’ve got two suitors who are really eager to have you and one is way the hell better than the other, you do not have to spend much time with the other. And that’s the way we filter out buying opportunities.
Berkshire was built on the eternal verities: basic mathematics, basic horse sense, basic fear, and basic diagnosis of human nature to make predictions regarding human behavior. We stuck to the basics with a certain amount of discipline and it has worked out quite well.
The difference between average and good. Good and Great! Great and Phenomenal! It’s their mindset!
To be able, at any moment, to sacrifice what you are, for what you will become.
I realized the secret to success is finishing! And not just finishing, but finishing strong!
Every single day must be excellent. You’ve got to give it all you’ve got!