A Quote by Warren Buffett
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.
Quote Topics
Quote Author
Related Quotes
And her [Eleanor Roosevelt] Grandmother Hall provided her really with a quite wonderful education, and a freedom that, within the framework of Tivoli (which is a framework of discipline and order) is also a very encouraging and loving one.
The framework of the artist's ideas is clearly only that which he is forever seeking for universality, and must be far wider than the framework of the ideals of the patriot.
On climate and clean energy, government sets the international framework, and the private sector uses that framework to do what it does best: innovate, create, and drive global progress.
Most people lose money because of lack of emotional discipline -the ability to keep their emotions removed from investment decisions. Dieting provides an apt analogy. Most people have the necessary knowledge to lose weight-that is they know that in order to lose weight you have to exercise and cut your intake of fats. However, despite this widespread knowledge, the vast majority of people who attempt to lose weight are unsuccessful. Why? Because they lack the emotional discipline.
In my experience over the past 30 years in business, investment decisions can be slowed or stopped due to unpredictability in laws and regulatory framework or if free trade and competition is hampered or access to capital restricted.
The genesis of the Thinking Talent app came from wanting to create a way to scale self-discovery with a framework that we, personally, inside of the company, have used really successfully.
The Internet is probably the most important technological advancement of my lifetime. Its strength lies in its open architecture and its ability to allow a framework where all voices can be heard.
Proverbs, and the wisdom literature in general, counter the idea that being spiritual means handing all decisions over to the leading of the Lord. The opposite is true. Proverbs reveals that God does not make all people’s decisions for them, but rather expects them to use his gift of reason to interpret the circumstances and events of life within the framework of revelation that he has given. Yet when they have exercised their responsibility in decision-making, they can look back and see that the sovereign God has guided.
If we want people on the front lines of companies to be responsible for making good business decisions, they must have the same information that managers use to make good business decisions.
There's a lot of people in the Middle East who are desirous to get into the Mitchell process. And - but first things first. The - these terrorist acts and, you know, the responses have got to end in order for us to get the framework - the groundwork - not framework, the groundwork to discuss a framework for peace, to lay the - all right.
High office teaches decision making, not substance. It consumes intellectual capital; it does not create it. Most high officials leave office with the perceptions and insights with which they entered; they learn how to make decisions but not what decisions to make.
I mean, why do people fight over sports? Because of the framework, the schematic of sports, those particular people seize upon these opportunities to be violent. And the number one problem using the same framework would be religion.
Beatles was 20th-century folksong in the framework of capitalism; they couldn't do anything different if they wanted to communicate within that framework.
I did this within a philosophical framework, and a moral and legal framework. And I have been turned into a cartoon of the greatest villain in the history of lobbying.
Some song ideas absolutely require a kind of rigid discipline, and others require absolute chaotic abandon. The form is only valid if you know how to un-form it. I don't mean to sound like an intellectual here!
To salvage a society, it is necessary to aid, abet, raise and increase that state of mind. If you were to set up a perfect government out here which required the intervention of nobody, you would have destroyed the society. But by raising the individual ability of the persons in the society within the framework that they are able to view, raise their ability within the framework they are able to view, you would have achieved a marked advance for that society.
Related Authors
Bill Gates Quotes
American
Businessman
Charlie Munger Quotes
American
Businessman
Dieter F. Uchtdorf Quotes
German
Businessman
Elon Musk Quotes
South African
Businessman
Henry Ford Quotes
American
Businessman
Jim Rohn Quotes
American
Businessman
Joseph B. Wirthlin Quotes
American
Businessman
Mark Cuban Quotes
American
Businessman
Mark Zuckerberg Quotes
American
Businessman
Peter Drucker Quotes
American
Businessman
Richard Branson Quotes
British
Businessman
Russell Simmons Quotes
American
Businessman
Sam Altman Quotes
American
Businessman
Steve Jobs Quotes
American
Businessman
Tom Peters Quotes
American
Businessman
Walt Disney Quotes
American
Businessman