And today we start with our Friday morning quote of the week. I hope it will help you to think, learn and remember that we all need good teachers that can change our lives. Warren has many quotes for us, and some are famous some aren’t, but all contain precious indications and are undervalued by most people because they seem too simple.
People are always looking for things to be difficult, otherwise they feel like they’re dealing with concepts not enough important, and not worth the efforts to be applied in their lives. Sometimes they also think that if something is not complex, it is not worth the big money they are spending for the business course they paid for. And so they need formulas, and greek letters to feel they’re in the big leagues and all. Believe me, I’ve been studying a lot too and probably so much to understand that Warren and Charlie Munger are right: “Don’t tell me when I’m going to die, but where. So I will never go there”. And as usual in the world of the investment a great part will be played by the emotional side of things. It’s so easy for me to suggest you: “Get to know what you don’t know and stay away from it”. But it’s that difficult for everyone to stay away from the crowd, to resist to the temptation of “speculate” rather than “investing”. It’s the “man with the hammer complex” that Buffett wrote in 1986: “To a man with a hammer, everything looks like a nail”. Think about it guys, have a nice week-end and feel free to comment and write me at marco@blikebuffett.com. I will answer.
And always remember : “Sometimes It could seem overwhelming, but if it’s possible, then go for it”