Warren Buffett's Encouraging Discourse | Best Videos for Promoting Success | Getting Started News
When you risk something that is important to you, to something that is important to you. It just doesn’t make sense. I don't care if the 100 place is 1 to win or 1,000 to 1 to win. If you give me a gun, with a thousand rooms in a room there is a bullet in one room and you say to put it in your temple how much do you want to be paid to pull it once? I'm not going to pull it off.
You can call any amount you want but it does nothing for me. We will always have problems that I have not known since I left school, sometimes selling stocks that always give me 10 reasons why you should not buy them you have felt for the rest of your life. However, the world is not a hopeless one, believe me. She sells happiness and has long arms, that's a big part of it .. you know? the distribution indicates progress.
It is the right formula booklet and it should just be done you know .. extremely diligent, enthusiastic in every minute of the day. Take a picture of Omaha in 1937 I was 7 years old and I had no weather, So the summer was hot and humid, people were running out of watermelons at night just to try to cool off so I got the idea that .. maybe I can sell them what you would like to sip soft drinks then call it pop. uhh .. so I went down to refuel the many garages .. and in those days the every gas station had a cooling, and it had a small opening on the side and something to hold the bottle caps.
So I went around and collected all the bottles of church bottles, Uhh, at these various gas stations, collected 8000 of them, and then sorted them all out. I realized that there was a Coca-cola over that helped everyone else. There were these people who were misbehaving in those days and my grandfather had a grocery store, so I went to my grandparents and asked them. I had no inventory, I had no income, I had the best business I ever had.
Those were low-paying businesses, but time is a friend of good business, the enemy of a horrible business, If you are in lousy business for a long time, you will get the result of lousyres, even if you buy cheap. If you are in good business for a long time, even if you pay more for entry, you will get a good result if you stay longer.
I like to learn to fail .. actually, then my partner says I want to know where I will die, so I have never been there again, and we want to see what caused the businesses to go so badly again .. the big thing that kills them. Satisfaction You want to be insecure, the feeling that someone is always following you but you will always be in front of them, you always want to go .. the danger will always be that you can relax on the things you love.
That conviction of unbelief, that's the key. That tomorrow looks more exciting than today, you have to fill the organization. You really want to make your decisions by looking in the mirror and saying to yourself "I buy 100 shares of General Motors for $ 55 because" and then it is your responsibility if you buy it again .. there must be a reason. And if you can't say why, you should not buy it.
If it’s because someone told you about it at a cocktail party, it’s not enough, you know. That we stick very carefully. One of the things Ben Braham taught me was.
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