A Quote by Warren Buffett
I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.
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I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business.
We both (Charlie Munger and Warren Buffett) insist on a lot of time being available almost every day to just sit and think. That is very uncommon in American business. We read and think.
I think if you're in this business, like any high-stakes business, the highs and lows can make you a manic-depressive person, if you weren't that way to start with. 'Cause it's just so crazy on your psyche. A lot of it has to do with people thinking they're greater than someone else.
I think what you see a lot of in American religion, even in areas of American Christianity that don't go all the way with Osteen to the idea that God wants you to have this big house and so on, the nature of American religion right now, the fact that it is so non-denominational and post-denominational, the most successful churches have to be run more like businesses than ever before. I think that just exposes Christians to a constant temptation to think about the ministry more as a business than they sometimes should.
I always try and watch how business people think. I like to read a lot about business people. I'm not going to say I've got a great business mind, but I enjoy learning from the world of business.
At the end of the day, I'm just trying to write a song that I like, that I'm not afraid to turn loose on the world. I do read a lot. I know a lot of people who read more, but I do try to keep a book in my hand most of the time, and I think that informs any kind of output that I'm going to have.
The idea that you try to time purchases based on what you think business is going to do in the next year or two, I think that's the greatest mistake that investors make because it's always uncertain. People say it's a time of uncertainty. It was uncertain on September 10th, 2001, people just didn't know it. It's uncertain every single day. So take uncertainty as part of being involved in investment at all. But uncertainty can be your friend. I mean, when people are scared, they pay less for things. We try to price. We don't try to time at all.
I always find it kind of more interesting when people ask questions like, "What were you like as a kid?" Or just kind of personal history stuff, like, "What was the lowest point of your life?" Because that would be like, "Huh, well, I'd have to think about that one." And then give an honest answer. I think a lot of people don't want to give honest answers, or they just are in business showbiz mode when they're talking about stuff, so that's probably why a lot of that kind of thing doesn't get asked.
I don't think it's very healthy to hold people to idealized views. I think that's a certain stage in life, something kids do. You have to go through that idealistic phase with your parents, but at a certain point, you need to see people as just people. And everyone's pretty similar. I think if you're in the showbusiness, like any high-stakes business, the highs and lows can make you a manic-depressive person, if you weren't that way to start with. 'Cause it's just so crazy on your psyche. A lot of it has to do with people thinking they're greater than someone else.
There is no business like show business, Irving Berlin once proclaimed, and thirty years ago he may have been right, but not anymore. Nowadays almost every business is like show business, including politics, which has become more like show business than show business is.
I think it takes a lot of desire because I think a lot of people who've never written books don't know quite how hard it is to stick with, to put in the amount of time and just make the commitment to just sit there every day and do it while everybody else is out having fun.
I think normally people think that they're afraid to die but I actually think people are more afraid to live. People are more afraid to make the choices that they want because they're very hard decisions to make in order to be happy. I think a lot of people are really afraid of that. It's easy to be in a band because you have a lot of things to hide behind so that's really not always living...that doesn't always constitute as living life the way you want. But at times you have to make decisions that sometimes hurt others in order to live.
I think when I got drawn to film, I didn't know it was a business. I mean, like most filmmakers, I probably saw more films than a lot of people when I was a kid. But I watched them on TV as well. I was no purist about it. I spent lots of time in movie theaters, but I also watched a lot of films on TV.
There is no single policy to which one can point and say - this built the Morris business. I should think I must have made not less than one thousand decisions in each of the last ten years. The success of a business is the result of the proportion of right decisions by the executive in charge.
There is no shortage of good days. It is good lives that are hard to come by. A life of good days lived in the senses is not enough. The life of sensation is the life of greed; it requires more and more. The life of the spirit requires less and less; time is ample and its passage sweet. Who would call a day spent reading a good day? But a life spent reading -- that is a good life.
I think what has allowed me to be successful is that I can absorb more information than most and drill down to the key business elements of that information and make faster decisions. And of course, I truly try to enjoy every minute of my life. I can never understand why anyone wouldn't.
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