"What could be more advantageous in an..." - Quote by Warren Buffett
What could be more advantageous in an intellectual contest - whether it be chess, bridge, or stock selection - than to have opponents who have been taught that thinking is a waste of energy?
More by Warren Buffett
“I bought a company in the mid-90s called Dexter Shoe and paid $400 million for it. And it went to zero. And I gave about $400 million worth of Berkshire stock, which is probably now worth $400 billion. But I've made lots of dumb decisions. That's part of the game.”
“I’ve worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions.”
“... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.”
More on Thinking
“Books and drafts mean something quite different for different thinkers. One collects in a book the lights he was able to steal and carry home swiftly out of the rays of some insight that suddenly dawned on him, while another thinker offers us nothing but shadows - images in black and grey of what had built up in his soul the day before.”
“The best thinking has been done in solitude. The worst has been done in turmoil.”
“What is the hardest task in the world? To think.”