I’m prone to overexplaining things –- when my own understanding of them is shaky. The better I know something, the shorter my prose.
Originally asked
Vox, to writers and thinkers, 9 Questions, 2017
Vox's fixed 9 Questions format asks this verbatim across respondents.
You answer as yourself. Nobody on FLAPSS answers as anybody else.
His letter to Berkshire Hathaway shareholders in the 1995 annual report, Berkshire Hathaway Inc., February 1996 source ↗
Others on this question
View all 20 →Wasting time reading blogs, magazines, newspapers. They have their place but they can become an addiction. And the real ways to gain understanding about issues are reading books and traveling.
I’ve a deplorable tendency to become entrenched in my own prejudices: If I dislike an artist, an art form, or an idea (jazz, ballet, certain kinds of fiction) it is extremely difficult to get me to change my mind, and all evidence presented to the contrary will be discarded and very likely mocked. Of course, nobody suffers but me.
I don’t believe anything is black and white, so I’m always searching for nuance. On the whole I think this is a positive thing, but it also means I almost never give an unqualified answer.
More from Warren Buffett
View profile →And now, you've got nine countries, including, you know, a guy in North Korea. I mean, and there will be, something will happen. And we worried enormously about it when there were two. And we had perfectly, we had really pretty sane leaders in Kennedy and Khrushchev. You know, I mean, you were not dealing with unstable people or anything like that.
Yeah and we get calls all the time, and there's so many calls, but the like I said, it takes me five seconds to say no. It takes, Greg's a little more polite than I am, but I just as soon get the calls just to see what people are doing. But they aren't offering anything that's at an attractive price, and what they want is a trade.
The asset I most value, aside from health, is interesting, diverse, and long-standing friends.
Some material things make my life more enjoyable; many, however, would not. I like having an expensive private plane, but owning a half-dozen homes would be a burden. Too often, a vast collection of possessions ends up possessing its owner.
This pledge will leave my lifestyle untouched and that of my children as well. They have already received significant sums for their personal use and will receive more in the future. They live comfortable and productive lives.
I think that Jay Powell in when, when the epidemic broke out, I think he acted in March of 2020 and I think if he'd waited two or three weeks, it would have been a disaster. Once the dominoes start toppling, they just start toppling and, and, and, and that line is shorter than anybody thinks, and it topples faster. And I think he did exactly the right thing, and he, he did it even stronger than Volker did. You know, I mean, he, he and Volker are my heroes at the Fed.
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