A Quote by Seth Klarman
In investing it is never wrong to change your mind. It is only wrong to change your mind and do nothing about it.
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I wonder where you got that idea from? I mean, the idea that it's feeble to change your mind once it's made up. That's a wrong idea, you know. Make up your mind about things, by all means - but if something happens to show that you are wrong, then it is feeble not to change your mind, Elizabeth. Only the strongest people have the pluck to change their minds, and say so, if they see they have been wrong in their ideas.
Be flexible. Don't be afraid to change your mind. If you're wrong, change your mind. If you go down the wrong path, and you're down 10-12%, it's better to sell down 15% versus 50%. If you have an idea that something is going to happen, you're predicting the future, and it's OK to be wrong. Where you can go wrong is by making a prediction that doesn't come true, and then sticking with it.
Remember this: with mind you will always be a loser. Even if you are victorious, your victories will be just defeats. With mind there is no victory, with no-mind there is no defeat. You have to shift your whole consciousness from mind to no-mind. Once no-mind is there, everything is victorious. Once the no-mind is there, nothing goes wrong, nothing can go wrong.
Always follow these two rules: first, act only on what your reasoning mind proposes for the good of humanity, and second, change your opinion if someone shows you it's wrong. This change of mind must proceed only from the conviction that it's both correct and for the common good, but not because it will give you pleasure and make you popular.
Don't change your mind just because people are offended; change your mind if you're wrong.
Most of us are reflecting life and not affecting it. Your inner speech mirrors your mind, and your mind mirrors God. If you
do not change your thoughts, you haven't changed their activity. And if
you do not change their activity, the conditions of your life cannot
change, for they are only bearing witness to the inner action of your
mind.
Nothing wrong with changing your mind. That's a very unwaffling thing to say: "Nothing wrong..." Who am I to say that there's nothing wrong with it? Maybe something is wrong with changing your mind. Anyway, love is very, very difficult. I love. But probably because I hate myself on some deep, sick level, it makes loving difficult. But I do try.
To change your mind about something is always difficult. I think that people who are big enough to admit they were wrong can be counted on your fingers.
A character is never entirely white or black, there's never entirely right or wrong. You have to realize sometimes you face something, and then you change your mind, or then you realize you were wrong.
Disappointment is temporary. Only your thought about it is permanent. Change your mind about what has disappointed you and you will change your life
What you picture in your mind, your mind will go to work to accomplish. When you change your pictures you automatically change your performance
As more and more citizens express what they think, and defend it in writing, that will change the way people understand public issues. It is easy to be wrong and misguided in your head. It is harder when the product of your mind can be criticized by others. Of course, it is a rare human who admits that he has been persuaded that he is wrong. But it is even rarer for a human to ignore when he has been proven wrong. The writing of ideas, arguments, and criticism improves democracy.
There's nothing wrong with loving your country. There's nothing wrong with caring about who gets into your country. There's nothing wrong about wanting your country to be great. There's nothing wrong with thinking that the country comes before the world. There's nothing wrong at all, and that's been wrong in the past and we're gonna make it right. We're gonna love America, we're gonna unify, we're gonna make America great again.
It is your choice to be happy. Make up your mind to enjoy this day, to have a blessed, prosperous, victorious year. You may have some setbacks and your circumstances may change, but don't let that change your mind. Keep it set on happiness.
Weight loss can change your whole character. That always amazed me: Shedding pounds does change your personality. It changes your philosophy of life because you recognize that you are capable of using your mind to change your body.
If Warren Buffett could change his mind about investing in airlines, Mohnish Pabrai could change his mind about investing in autos. Pabrai, who has modeled his investment career and fee structure after Buffett's original partnership, counts General Motors, Fiat Chrysler, and Ferrari in his highly concentrated portfolio.
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