A Quote by Martin Sorrell
If I were to be super critical, I would say Formula One is too tactical and not strategic enough. And that brings us back to the digital issue: you may have to invest in order to gain - sacrifice some short-term effects in order to make high returns in the future.
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Delegation requires the willingness to pay for short term failures in order to gain long term competency.
When you start with why, which decision you make becomes very easy. It is so hard to do when you may suffer a short term loss or you may lose out on some short term gain. But in the long run it's way more powerful and way more stable.
Remember anything you want that's valuable requires you to break through short-term pain in order to gain long-term pleasure.
If your short-term goals are too high, you may give up too soon. If your long-term goals are too low, they may not give you enough enthusiasm to drive you over the bumps in the road along the way.
The psychology of the saver and the psychology of the investor is very closely connected with Keynes' distinction between risk and uncertainty. When the future is uncertain, he thought that a lot of saving would be directed towards securing, securing more, getting more security in the present, rather than building wealth in the future, which was the classical view, you save in order to invest, in order to consume more later on. What he had called the propensity to hoard or liquidity preference would normally be stronger than the inducement to invest.
Being captive to quarterly earnings isn't consistent with long-term value creation. This pressure and the short term focus of equity markets make it difficult for a public company to invest for long-term success, and tend to force company leaders to sacrifice long-term results to protect current earnings.
Politicians and the government have become too interested in short-term gains. Of course, if you look at the direct financial returns in the short term, human space flight is expensive. But they need to look longer term.
In painting, you have to destroy in order to gain... you have got to sacrifice something you are quite pleased with in order to get something better. Of course, it's a risk.
The world says that time is money, but I say that money is time. In order to earn enough money to satisfy his desires, one must sacrifice inordinate amounts of time. For me, that sacrifice is too great.
Our future rates of gain will fall far short of those achieved in the past. Berkshire's capital base is now simply too large to allow us to earn truly outsized returns. If you believe otherwise, you should consider a career in sales but avoid one in mathematics.
We know that to wage a nuclear war today, for example, would be a form of suicide; or that to pollute the air or the oceans in order to achieve some short-term benefit would be to destroy the very basis for our survival.
If I get too old to write, or short-term memory loss - that was the one Philip Roth was worried about - if I got to that point, that would be terrible, because everything about my life has been streaming toward writing and having something to say. That would make me feel as though I were in an iron maiden of some kind.
I do not need some guy around in order to get inspiration, in order to make a great record, in order to live my life, in order to feel okay about myself. And I wanted to show my fans the same thing.
Nature will not let us stay in any one place for too long. She will let us stay just long enough to gather the experience necessary to the unfolding and advancement of the soul. This is a wise provision, for should we stay there too long, we would become too set, too rigid, too inflexible. Nature demands change in order that we may advance.
Since we cannot know too much about the long term effects of our particular lives, and since success and fame are not good measures of the value of what we have done, it should be enough for any of us that as far as we can tell, in some small way we have made humanity's future better rather than worse.
But obviously, we can't afford to make some bad long-term decisions with regard to basic commitments our country has - trade those away for some short-term assistance that may or may not be there a month from now.
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