At Berkshire Hathaway’s 2013 shareholders’ meeting, Warren Buffett said, “I’ve owned 400 to 500 companies’ stocks in my lifetime, but only about 10 of them made the most money.” His lifelong friend and investment partner, Charlie Munger, added, “With the exception of some of Berkshire Hathaway’s best investment practices, long-term performance is near-average.” Many people know Warren Buffett’s return on investment better than his mistakes or failures. It’s because of those 10 companies that he succeeded in investing. If there is a positive, there must be a negative. It’s better to prepare a realistic alternative in case you fail than to try to avoid failing. Humans are probabilistic beings. - Joseph’s “just my thoughts”
Influence is not merely giving; it involves both giving and taking. Interaction creates change. Influence without change is simply a rumor. To truly give and take from one another, you must first embrace the world within yourself. If you do not open your mind and senses to the world and accept its stimuli and spirit, you cannot impact even the most abundant rumors. First, accept, and then react to the world. - Joseph’s “just my thoughts”