A Quote by Mohnish Pabrai
Warren Buffett has said many times that people either get value investing in five minutes or they won't get it in five years. So, there is something in the human brain, that for some of us, makes all the difference in the world right away and the patience it requires is part of the wiring process.
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Warren Buffett is right when he says you should invest as if the market is going to be closed for the next five years. The fundamental principles of value investing, if they make sense to you, can allow you to survive and prosper when everyone else is rudderless. We have a proven map with which to navigate. It sounds kind of crazy, but in times of turmoil in the market. I’ve felt a sort of serenity in knowing that if I’ve checked and rechecked my work, one plus one still equals two regardless of where a stock trades right after I buy it.
Warren Buffett once wrote that value investing is like an inoculation--it either takes or it doesn't--and when you explain to somebody what it is and how it works and why it works and show them the returns, either they get it or they don't.
Seventy-five years. That's how much time you get if you're lucky. Seventy-five years. Seventy-five winters, seventy-five springtimes, seventy-five summers, and seventy-five autumns. When you look at it like that, it's not a lot of time, is it? Don't waste them. Get your head out of the rat race and forget about the superficial things that pre-occupy your existence and get back to what's important now.
The events which transpired five thousand years ago; Five years ago or five minutes ago, have determined what will happen five minutes from now; five years From now or five thousand years from now. All history is a current event.
Price is what you pay, but value, as Warren Buffett has observed, is what you get.
Take any person, put them in the wrong environment, and they can get off to some pretty bad things. Warren Buffett has said that he would not like to get into debt because he doesn't want to discover what behavior he's capable of.
I've realized as well after five years of being on the road that if I'm going to four or five months of my life to something even if I'm overpaid, it's four or five months of my life away from home, away from my son, away from family and friends. I better believe in it on some level even if it's a big movie.
Value investing is simple to understand but difficult to implement. Value investors are not supersophisticated analytical wizards who create and apply intricate computer models to find attractive opportunities or assess underlying value. The hard part is discipline, patience, and judgment. Investors need discipline to avoid the many unattractive pitches that are thrown, patience to wait for the right pitch, and judgment to know when it is time to swing.
I'm thinking in my head I'd like to have five minutes alone with this guy to get some payback. But you got to keep a level head. You just got to get to the house, search, find anything you can to put these guys away and bring some justice and get some revenge for our brothers who were lost.
The factory workers say that it's impossible to do anything right. If you arrive five minutes early you are a saboteur; if you arrive five minutes late you are betraying socialism; if you arrive on time they say, Where did you get the watch?
The difference between smartphones and cigarettes is this: a cigarette robs 10 minutes from your lifespan, but at least has the decency to wait and withdraw all that time in bulk as you near the end of your life - whereas a smartphone steals your time in the present moment, by degrees. Five minutes here. Five minutes there. Then you look up and you're 85 years old.
People may see us on TV for only five minutes - but there's a lot going on behind that five minutes. There's 15 hours of work around it.
You can be stuck for two weeks on a problem, and then you get the right couple of people in a room, and in five minutes, you get a great answer.
That's the hardest part of the game. You've got to stay focused. With golf, make a mistake and you get another shot straight away; but with snooker you could be five minutes before you get another chance.
We don't really have a movie industry; we have a trailer industry. The movie guys make five minutes worth of stuff to get people in the theatre, and eighty-five minutes of filler.
People are going to be way more patient listening to what I have to say now. I don't have five seconds to get their attention, I have five minutes. That's a huge window.
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