Quotes about thinking
thinking reality should
I think that one should recognize reality even when one doesn't like it; indeed, especially when one doesn't like it. Charlie Munger
thinking climate minimum-wage
I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.
thinking bullshit earning
I think that, every time you saw the word EBITDA, you should substitute the word "bullshit" earnings.
thinking said disposition
I think there's something to be said for developing the disposition to own stocks without fretting.
thinking games people
The game is to keep learning, and I don't think people are going to keep learning who don't like the learning process.
thinking should managers
I think corporate managers should learn to be better investors because it would make them better managers.
thinking people gold
I think gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939, but civilized people don't buy gold, they invest in productive businesses.
thinking government long
I think democracies are prone to inflation because politicians will naturally spend [excessively] - they have the power to print money and will use money to get votes. If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don't set the record. It happens over the long-term under any form of government.
thinking decision important
Is anyone really surprised that Warren, who is the ultimate embodiment of concentrated decision-making power, picked somebody [Bill and Melinda Gates] who he thinks is like him in many important ways? It was a noble and sensible decision.
thinking fishing purple
I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, "My God, they're purple and green. Do fish really take these lures?" And he said, "Mister, I don't sell to fish." Investment managers are in the position of that fishing tackle salesman.
thinking people opinion
I'm not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I've reached that state.
thinking practice people
Obviously if you want to get good at something which is competitive, you have to think about it and practice a lot. You have to keep learning because world keeps changing and competitors keep learning. You have to go to bed wiser than you got up. As you try to master what you are trying to do – people who do that almost never fail utterly. Very few have ever failed with that approach. You may rise slowly, but you are sure to rise
thinking ducks people
Bull markets go to people's heads. If you're a duck on a pond, and it's rising due to a downpour, you start going up in the world. But you think it's you, not the pond.
thinking ass selling
If you buy something because it's undervalued, then you have to think about selling it when it approaches your calculation of its intrinsic value. That's hard. But if you buy a few great companies, then you can sit on your ass. That's a good thing.
thinking incentives should
Never, ever, think about something else when you should be thinking about the power of incentives.
thinking investing hours
Warren spends 70 hours a week thinking about investing .
thinking ecosystems people
People like the robber barons assumed that the doctrine of the survival of the fittest authenticated them as deserving power. You know, "I'm the richest. Therefore, I'm the best. God's in his heaven, etc." And that reaction of the robber barons was so irritating to people that it made it unfashionable to think of an economy as an ecosystem. But the truth is that it is a lot like an ecosystem. And you get many of the same results.
thinking buying momentum
The basic concept of value to a private owner and being motivated when you're buying and selling securities by reference to intrinsic value instead of price momentum - I don't think that will ever be outdated.
thinking proud ethics
I'm proud to be associated with the value system at Berkshire Hathaway; I think you'll make more money in the end with good ethics than bad.
thinking vengeance
I don't think vengeance is much good.
thinking simplicity brain
Part of that, I think, is being able to tune out folly, as distinguished from recognizing wisdom. You've got whole categories of things you just bat away so your brain isn't cluttered with them. That way, you're better able to pick up a few sensible things to do.
thinking things-in-life iron
I have what I call an iron prescription that helps me keep sane when I naturally drift toward preferring one ideology over another and that is: I say that I'm not entitled to have an opinion on this subject unless I can state the arguments against my position better than the people who support it. I think only when I've reached that state am I qualified to speak. This business of not drifting into extreme ideology is a very, very important thing in life
thinking people trying
A lot of people think if you just had more process and more compliance -- checks and doublechecks and so forth -- you could create a better result in the world. Well, Berkshire has had practically no process. We had hardly any internal auditing until they forced it on us. We just try to operate in a seamless web of deserved trust and be careful whom we trust.
thinking pieces paper
Berkshire has the lowest turnover of any major company in the U.S.The Walton family owns more of Wal-Mart than Buffett owns of Berkshire, so it isn't because of large holdings. It's because we have a really unusual shareholder body that thinks of itself as owners and not holders of little pieces of paper.
thinking practice fundamentals
Common stock investors can make money by predicting the outcomes of practice evolution. You can't derive this by fundamental analysis - you must think biologically.
thinking people too-much
People calculate too much and think too little.
thinking odds goes-on
The model I like to sort of simplify the notion of what goes on in a market for common stocks is the pari-mutuel system at the racetrack. If you stop to think about it, a pari-mutuel system is a market. Everybody goes there and bets and the odds change based on what's bet. That's what happens in the stock market.
thinking bankers heroin
I do not think you can trust bankers to control themselves. They are like heroin addicts.
thinking victimization persons
Whenever you think something or some person is ruining your life, it's you. A victimization mentality is so debilitating.
thinking goal feelings
I think that Superman is the pinnacle of the DC Universe. Our feeling always was that you need to get Superman right. That was also our goal. We didn't want to ignore that this universe exists. Charles Roven
thinking wind people
People tend to think about God more when the clock starts to wind down.
thinking here-i-am space
The plain truth is we are going to die. Here I am, a teeny spec surrounded by boundless space and time, arguing with the whole of creation, shaking my fist, sputtering, growing even eloquent at times, and then-poof! I am gone. Swept off once and for all. I think that is very, very funny. Charles Simic
thinking people world
I really think that most people around the world know how well-intended Americans are. Charles Rangel