Permanent Value: The Teachings of Warren Buffett
Everyone has the potential to achieve their dreams. The point is to get out of each of us what we are capable of producing. I will invite you to play a game. Suppose that when this class ends, you have one hour to pick a classmate that you will own 10% of his or her earnings for the rest of their life. Besides picking the one with the richest father (laughter ) you would choose the person who is most effective. I would predict that you would not necessarily pick the student with the best grades or highest IQ. Instead, you would look for someone with the most integrity and intelligence. Think about the person that has a 300 horsepower motor and operates at 300hp and compare that person to someone who has a 400hp motor but operates at 150hp. You would pick the 300hp everyday.
My point is to suggest that you should become an effective human being...the chains of habit are too light to feel until they are too heavy to break!
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Editor's Note: The above transcript is the courtesy of Mr. Sham Gad, who had a privilege to meet Mr. Buffett in Omaha, Nebraska along with 50 of his fellow MBA classmates. He says "As expected, the Sage of Omaha was full of humor while dispensing his unique, masterful thoughts on business and life."
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Labels: Compilation, Warren Buffett
