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The Art of Inner Peace

Peace is the result of retraining your mind to process life as it is, rather than as you think it...

Related Topics: life, mind, peace, process, result, retraining, think

5

Reading and Thinking

We both, Warren Buffett and I, insist on a lot of time being available almost every day to just sit...

Related Topics: available, every day, insist, read, sit, think, time, Warren Buffet

5

IQ Humility

If you think your IQ is 160 but it’s 150, you’re a disaster. It’s much better to have a 130...

Related Topics: better, disaster, IQ, think

2

Costco vs. Rockefeller Foundation

I believe Costco does more for civilization than the Rockefeller Foundation. I think it’s a better place.

Related Topics: believe, better, bunch, civilization, Costco, good, immediately, intelligent, more, people, place, Rockefeller Foundation, seat, sitting, squirm, suspicious, think, trying

Business

2

Charlie Munger quote I think track records are very important. If you start early trying to have a perfect one

Success in this World

I think track records are very important. If you start early trying to have a perfect one in some simple...

Related Topics: honesty, important, like, perfect, records, simple, start, success, thing, think, track, track records, trying, world

1

Missing Car Payments

If you think nobody cares if you’re alive, try missing a couple of car payments.

Related Topics: alife, car, cares, missing, nobody, payments, think

1

Relying on Special Talents

I think we have some special talents. That being said, I think it’s dangerous to rely on special talents —...

Related Topics: better, businesses, dangerous, lots, monopolistic, own, prices, rely, special, talents, think, unregulated

Business

1

Inflation in the Investment Climate

I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I’ve seen a tremendous amount of inflation in my...

Related Topics: climate, hamburger, inflation, investment, lifetime, minimum, minimum wage, per-hour, remember, ruin, think, tremendous, wage

Investing

Better Investors

I think corporate managers should learn to be better investors because it would make them better managers.

Related Topics: because, better, corporate, investors, learn, managers, think

Business

Don’t Be Idiotic

People are trying to be smart. All I am trying to do is not to be idiotic, but it’s harder...

Related Topics: harder, idiotic, people, smart, think, trying

A Contributor to Capitalism

I think the notion that liquidity of tradable common stock is a great contributor to capitalism is mostly twaddle. The...

Related Topics: booms, capitalism, common, common stock, contributor, crazy, great, liquidity, many, notion, problems, stock, think, tradable, twaddle, virtues

Investing

Tony Robbins quote The only problem we really have is we think we're not supposed to have problems!

Face and Solve Your Problems

The only problem we really have is we think we’re not supposed to have problems! Problems call us to higher...

Related Topics: face problems, higher level, problem, problems, really, solve, solve problems, think

Just Think Different

Think different.

Related Topics: different, think

Being Conservative in Business

We don’t think because it’s never happened that it won’t. There’s no actuarial science, it’s rough judgment. We just try...

Related Topics: actuarial, conservative, happened, judgment, rough, science, think, try

Keep Learning and Growing

Obviously if you want to get good at something which is competitive, you have to think about it and practice...

Related Topics: changing, competitive, competitors, keep learning, learning, practice, think, world

Rub Your Nose in Your Mistakes

It is really useful to be reminded of your errors. I think Warren Buffett and I are pretty good at...

Related Topics: errors, good, mental habit, mentally, mistakes, noses, reminded, rub, think, useful, Warren Buffett

When to Sit on Your Ass

If you buy something because it’s undervalued, then you have to think about selling it when it approaches your calculation...

Related Topics: approaches, buy, calculation, intrinsic value, selling, think, undervalued

1

Calculating vs. Thinking

People calculate too much and think too little.

Related Topics: calculate, little, people, think

Intrinsic Value

I like the stocks of both Berkshire and Wesco to trade within hailing distance of what we think of as...

Related Topics: Berkshire Hathaway, distance, hailing, intrinsic, intrinsic value, like, stocks, think, trade, value, Wesco

Investing

David vs. Goliath

It is hard to think that a $2 billion company with 4,300-plus people couldn’t compete with six people in blue...

Related Topics: billion, blue jeans, compete, hard, people, six, think

Bull Markets Go to People’s Heads

Bull markets go to people’s heads. If you’re a duck on a pond, and it’s rising due to a downpour,...

Related Topics: bull, bull markets, downpour, duck, heads, markets, people's, pond, rising, start, think, world

Investing

Free Market Ecosystem

I find it quite useful to think of a free market economy — or partly free market economy — as...

Related Topics: economy, ecosystem, equivalent, free, free market economy, market, think, useful

Investing

Berkshire Hathaway’s Successors

I don’t think our successors will be as good as Warren at capital allocation.

Related Topics: allocation, capital, capital allocation, good, successors, think, Warren Buffett

Investing

The Word EBITDA

I think that, every time you saw the word EBITDA [earnings], you should substitute the word “bullshit” earnings.

Related Topics: bullshit, earnings, EBITDA, every time, saw, substitute, think

1

Vengeance Isn’t Good

I don’t think vengeance is much good.

Related Topics: good, think, vengeance

Attitude

Horse’s Ass vs. Edge of Discipline

When I run into a paradox I think either I’m a total horse’s ass to have gotten to this point,...

Related Topics: discipline, edge, fruitfully, horse's ass, paradox, point, think, total

1

Enlightener of Warren Buffett

I think there’s some mythology in this idea that I’ve been this great enlightener of Warren. He hasn’t needed much...

Related Topics: enlightener, enlightenment, five, great, idea, know, mythology, needed, think, Warren Buffett

Public Policy Issues

I think liberal art faculties at major universities have views that are not very sound, at least on public policy...

Related Topics: art, faculties, issues. French, know, liberal, liberal art, major, policy, public, sound, think, universities, views

Education

The Design Sucks

I think [the design] sucks. Its shape is not innovative, it’s not elegant and it doesn’t feel anthropomorphic.

Related Topics: anthropomorphic, design, elegant, innovative, shape, sucks, think

Learn to Program

I think everybody in this country should learn how to program a computer, should learn a computer language because it...

Related Topics: computer, computer language, country, everybody, learn, program, teaches, think

Selling to Hedge Funds

I don’t think there’s any business that we’ve bought that would have sold itself to a hedge fund. There’s a...

Related Topics: bought, business, hedge fund, sold, think

Business

How Bankruptcies Are Handled

I think much of [how bankruptcy is handled] is pretty horrible. It’s a situation where courts themselves have gone into...

Related Topics: attract, bankruptcy, business, courts, gone, handled, horrible, proceedings, situation, think

Business

Charlie Munger quote Whenever you think something or some person is ruining your life, it's you

Victimization Mentality is Debilitating

Whenever you think something or some person is ruining your life, it’s you. A victimization mentality is so debilitating.

Related Topics: debilitating, life, mentality, ruining, something, think, victimization, victimization mentality

1

Own Stocks without Fretting

I think there’s something to be said for developing the disposition to own stocks without fretting.

Related Topics: developing, disposition, fretting, own, said, something, stocks, think, without

Investing

Working in Mental Models

I think it is undeniably true that the human brain must work in models.

Related Topics: brain, human, mental models, models, think, true, undeniably, work

Getting It Done

Because I’m the CEO, and I think it can be done.

Related Topics: because, CEO, think

Pixar vs. Disney

I think Pixar has the opportunity to be the next Disney — not replace Disney — but be the next...

Related Topics: Disney, next, opportunity, Pixar, replace, think

Business

Guard Against Arrogance

I think all of us need to be on guard against arrogance which knocks at the door whenever you’re successful.

Related Topics: against, arrogance, be on guard, door, knocks, need, successful, think

Mitch Hedberg quote So, I sit at the hotel at night and I think of something that's funny.

Subjective Funniness

So, I sit at the hotel at night and I think of something that’s funny. Or, if the pen is...

Related Topics: convince, far, funny, hotel, night, pen, something, think

Recognizing Reality

I think that one should recognize reality even when one doesn’t like it; indeed, especially when one doesn’t like it.

Related Topics: especially, indeed, like, reality, recognize, think

1

Keep Learning

The game is to keep learning, and I don’t think people are going to keep learning who don’t like the...

Related Topics: game, keep learning, learning, learning process, people, process, think

Crazy Enough To Change the World

The people who are crazy enough to think they can change the world are the ones who do.

Related Topics: change, crazy, people, think, world

Change

Related Topics: dwell, think, what's next, wonderful

Using Black-Scholes

Black-Scholes works for short-term options, but if it’s a long-term option and you think you know something [about the underlying...

Related Topics: Black-Scholes, insane, know, long-term, option, options, short-term, something, think, use, works

Investing

Wishing Bill Gates the Best

I wish him [Bill Gates] the best, I really do. I just think he and Microsoft are a bit narrow....

Related Topics: ashram, best, Bill Gates, broader, drop acid, Microsoft, narrow, think, wish, younger

Business